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 <p><a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a> on Thursday agreed to a $9.6 billion sale to the private equity firm that owns Dunkin’ Brands, the company announced. Roark Capital today finalized the purchase of the sandwich chain.</p> 
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    <p lang="en" dir="ltr">Dunkin' Donuts parent company acquires <a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a> for $9.6 billion. pic.twitter.com/7FNz1PdzoE</p>— Watcher.Guru (@WatcherGuru) August 24, 2023 
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 <p>“The transaction is a major milestone in <a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a>’s multi-year transformation journey, combining <a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a>’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise business models,” <a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a> said in a statement. The sale ends an over fifty-year ownership by the companies’ two founding families.</p> 
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 <p><a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a> was founded in 1965 by 17-year-old Fred DeLuca and family friend Peter Buck — opening their first shop, Pete’s Super Submarines, in Bridgeport, CT.</p> 
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 <p>Roark Capital, an Atlanta-based private equity firm, has $37 billion in assets under management. It is also an investor in Auntie Anne’s, Baskin Robbins, Buffalo Wild Wings, Sonic Drive-In, and Arby’s.</p> 
 <p><strong>Also Read: Does Subway Take Apple Pay?</strong></p> 
 <p><a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a> has about 37,000 restaurants in more than 100 countries. <a rel="noopener noreferrer nofollow" title="Subway" href="https://thebittimes.com/tag/subway.html">Subway</a> was up for auction bid for nearly a year before Roark came in with the $9.6 billion sale bid. Roark’s acquisition comes after reports that private equity firms TDR Capital and Sycamore Partners were negotiating a possible joint bid. The number for that potential bid was unknown before the Roark Capital acquisition.</p> 
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Subway Agrees to $9.6 Billion Sale to Dunkin’ Owner Roark Capital

TheBitTimes

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