Tasty deal: A Subway outlet in Westminster, central London. The sandwich chain has more than 2,600 restaurants in the United States and more than 37,000 restaurants in more than 100 countries. — AFP
NEW YORK: Private equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well over US$9bil after attaching conditions to some of the windfalls the two families that own it will get, people familiar with the matter say.
These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said.
