PE firm Roark Capital to buy sandwich chain Subway for up to $9.55b

PE firm Roark Capital to buy sandwich chain Subway for up to $9.55b

FILE PHOTO: A person walks by a Subway restaurant in Manhattan, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/File Photo/File Photo

Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, including debt, subject to targets in its financial performance.