By Staff Reporters
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A private equity firm just ate Subway
More precisely, the families that founded the sandwich chain agreed to sell it to PE firm Roark Capital after seeking a buyer. The terms of the deal weren’t made public, but the Wall Street Journal previously reported that Roark offered ~$9.6 billion.
Subway, which has been losing market share to other sandwich chains, will be in good foodie company at Roark as it also owns Dunkin’, Jimmy John’s, Baskin-Robbins, Auntie Anne’s, Carvel, Cinnabon and other eateries.
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Filed under: "Ask-an-Advisor", Accounting, Breaking News, Investing | Tagged: baskin-robbins, carvel, cinnabon, dunkin, jimmy john's, pe, roark capital, subway, VC |
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