Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying ...
Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying competition and rising costs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sandwich chain Subway agrees to sell itself to private equity firm Roark CapitalThe terms of the deal were not disclosed, but Reuters reported earlier this week that Roark was in the lead to acquire the privately held restaurant company for well over US$9-billion
Read more »
Roark Capital Set to Win Bidding for Subway in $9 Billion DealRoark Capital Group is poised to win the race to acquire US sandwich chain Subway, people with knowledge of the matter said, after seeing off a late challenge from a rival bid group led by TDR Capital and Sycamore Partners.
Read more »
Goldman to Join TDR’s Subway Bid to Rival Frontrunner RoarkTDR Capital and Sycamore Partners have brought in Goldman Sachs Group Inc.’s asset management arm and a sovereign wealth fund as they make a last-ditch effort to beat out frontrunner Roark Capital Group in the bidding for sandwich chain Subway, according to people familiar with the matter.
Read more »
Buyout firm Roark sets conditions to clinch $9 billion-plus Subway deal-sourcesPrivate equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well over $9 billion after attaching conditions to some of the windfall the two families that own it will get, people familiar with the matter said on Tuesday. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. For the full price to be paid, Subway's cash flow would need to reach certain milestones over a specified period after the deal closes, the sources added.
Read more »
Buyout firm Roark sets conditions to clinch $9 billion-plus Subway deal-sourcesBy Abigail Summerville and Anirban Sen NEW YORK (Reuters) - Private equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well ...
Read more »
Buyout firm Roark Capital sets conditions to clinch more than US$9-billion Subway deal, sources sayFor the full price to be paid, Subway’s cash flow would need to reach certain milestones over a specified period after the deal closes, the sources said
Read more »