IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
It looks like Subway’s owners will just miss out on their hoped for $10 billion valuation with news that Roark Capital have agreed to buy the well-known sandwich chain in a deal worth up to $9.55 billion. The private equity firm will pay a lower calorie figure of $8.95 billion if certain financial milestones in the agreed earn-out are not achieved over a two-year (or more) period post-close. Subway becomes the latest addition to Roark’s menu of acquisitions, which includes Dunkin’ Donuts and sandwich chain competitor Jimmy John’s. It may not be quite the finger-licking figure the DeLuca and Buck families were hoping for but at least they won’t need to catch the subway to the bank!
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
We hear you but we’re not quite ready. That seems to be the message coming from Norway’s government, who have decided to not yet allow the country’s Oil Fund –…
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