US sandwich chain Subway sold to Roark Capital
New York (AFP) - The Subway sandwich chain announced Thursday that it reached a deal to be acquired by Roark Capital, a private equity firm active in the restaurant and prepared foods sectors. Subway, which has nearly 37,000 restaurants in more than 100 countries, said the deal would combine the chain's "global presence and brand strength with Roark's deep expertise in restaurant and franchise business models," according to a press release. Financial terms were not disclosed. The value of the deal was expected to be over $9 billion, a person familiar with the matter told AFP earlier this week....