Subway completes US$9.6b sale to Roark Capital

The sale was announced in August last year.

Subway has announced that it has completed its sale to private equity firm Roark Capital.

The sale was first announced in August last year. Previous reports said the agreement was around US$9.6b

“As we look to our future, our growth journey is far from over. With a continued strategic focus on delivering better food and a better guest experience, our next chapter will be the most exciting yet,” John Chidsey, CEO of Subway said.

Roark Capital also owns Inspire Brands, the parent company of Dunkin’ and Baskin-Robbins. The private equity firm also has a stake in GoToFoods, previously known as Focus Brands, which owns brands such as Auntie Anne’s, Cinnabon, and Jamba.