Subway sale to Roark Capital

SUBWAY has announced that Roark Capital, the U S Atlanta-based private equity company, is acquiring its global brand

The quick ser vice restaurant franchise with nearly 37,000 stores across more than 100 countries, says that this transaction is a major milestone in its multi-year transfor mation jour ney

Roark Capital focuses on investments in consumer and business ser vice companies, specialising in franchise and franchise-like businesses, and says it prides itself on being a tr usted par tner for management and business owners

‘Long-term growth potential’

John Chidsey, chief executive off icer of Subway, said: “This transaction reflects Subway’s long-ter m g rowth potential, and the substantial value of our brand and our franchisees around the world

“Subway has a bright future with Roark, and we are committed to continuing to focus on a win-win-win approach for our franchisees, our guests and our employees.”

The acquisition comes on the heels of Subway announcing its 10th consecutive quar ter of positive same store sales as it continues to focus on sales g rowth, menu innovation, moder nisation of restaurants, guest experience and inter national expansion.

J P Morgan is ser ving as f inancial advisor and Sullivan & Cromwell LLP is ser ving as legal counsel to Subway. n