Non-public fairness agency Roark nears deal to purchase Subway for about $9.6 billion

© Reuters. FILE PHOTO: The Subway restaurant brand is seen on a serviette on this illustration photograph August 30, 2017. REUTERS/Thomas White/Illustration/File Photograph

(Reuters) -Roark Capital, which owns eating places Arby’s and Buffalo Wild Wings, is nearing a deal to purchase sandwich chain Subway for about $9.6 billion, the Wall Road Journal reported on Monday,

A deal could possibly be finalized this week, the report mentioned, citing folks aware of the matter.

Reuters reported earlier this month that personal fairness corporations TDR Capital and Sycamore Companions have been in talks to workforce up of their pursuit to accumulate Subway, which in February mentioned it was exploring a potential sale of its enterprise.

Sources advised Reuters then that Subway expects to fetch properly over $9 billion in a deal, and stays unsure whether or not TDR and Sycamore can meet its worth expectations.

The chain, based in 1965 by 17-year-old Fred DeLuca and household buddy Peter Buck, has been owned by the founding households since its first outlet opened as “Pete’s Tremendous Submarines” in Bridgeport, Connecticut.

Subway and Roark Capital didn’t instantly reply to Reuters requests for remark.

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