Big Law

U.S. FTC is Investigating $10 Billion Private Equity Deal for Subway

The U.S. Federal Trade Commission (FTC) is investigating whether Roark Capital’s purchase of Subway for $10 billion is legal under antitrust law given that the private equity firm already owns Jimmy John’s and Arby’s, Politico reported Tuesday.

The probe highlights the fact that the Biden administration’s antitrust enforcers are focusing their efforts on basic consumer goods. Private equity acquisitions have been another focus.

The FTC is investigating whether buying Subway would give Roark too much power in fast food, the report said, citing sources familiar with the matter. Roark controls Inspire Brands, the owner of restaurant chains including Jimmy John’s, Arby’s, Baskin-Robbins and Buffalo Wild Wings.

Read the source article at U.S. News

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