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Subway: Roark Capital buys the sandwich chain for $9.6 billion

25/08/2023
Source : ORISHAS FINANCE
Categories: Sectors

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After several months of divestment proceedings that attracted competitors and financiers alike, the American investment firm Roark Capital is said to have spent $9.6 billion to buy the Subway sandwich chain.

Roark Capital has taken over the juggernaut, the world's number two fast food company (behind McDonald's) with 37,000 outlets. For the American investment company, this is the largest acquisition in the history of American restaurants, after Burger King bought the Tim Hortons chain in 2014 (12.5 billion) and that of Dunkin' Brands by Inspire Brands in 2020

(11.3 billion).

In fact, Subway was founded in 1965 and was content with the United States for a long time, before exporting to the Middle East for the first time in 1984. It offers sandwiches prepared to order in front of the customer, the concept has made small people all over the world, thanks to the franchise. According to John Chidsey, CEO of Subway, “this transaction reflects the long-term growth potential of Subway, as well as the value of our brand and franchisees around the world

.”
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