The $9.6 billion bid by Roark Capital Partners to acquire Subway was made on August 22, 2023, and it is still being considered by Subway’s board of directors
Roark Capital Partners is a private equity firm that specializes in the consumer sector.
The firm has a long history of investing in and growing successful restaurant brands, including Arby’s, Buffalo Wild Wings, and Jimmy John’s.
Subway is a global sandwich chain with over 41,000 locations in 100 countries. The company has been struggling in recent years, as sales have declined and competition has increased.
If Roark Capital Partners is successful in its bid to acquire Subway, it is expected to make significant changes to the company.
These changes could include closing underperforming restaurants, investing in new marketing and technology initiatives, and expanding into new markets.
It is still too early to say whether Roark Capital Partners’ bid for Subway will be successful.
However, the offer is a sign that there is still interest in the company, despite its recent struggles.
