Goldman Sachs Asset Management, Bain among bidders for Subway - report
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- Goldman Sachs Asset Management, Bain Capital, TDR Capital and TPG (TPG) are among firms interested in sandwich chain Subway.
- TSG Consumer Products, an investor in Brewdog, is also looking at Subway, according to a Sky News report on Saturday, which cited people familiar. TDR Capital owns supermarket giant Asda.
- The report comes after Subway last month conformed it's exploring a potential sale on Tuesday. JPMorgan has been enlisted as an advisor amid the process.
- The WSJ first reported that Subway was exploring a potential sale in January in a deal that could value the sandwich chain at more than $10 billion.
- Restaurant Brands (QSR) previously held informal talks to purchase the sandwich chain in 2021.