According to the Wall Street Journal, Roark Capital looks to acquire sandwich chain Subway for close to $9.6 billion. The deal will add to Roark Capital’s already impressive roster of fast food chains is nearly complete.
Roark Capital is a private equity firm that mostly invests in the franchised consumer and business services sectors. One of the firm's most notable investments is in Inspire Brands, which owns Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, and more.