March 4 (Reuters) – Goldman Sachs Group Inc’s (GS.N) asset administration arm is among the many suitors for the U.S. primarily based sandwich chain Subway, which has been put up on the market with an estimated $10 billion price ticket, Sky Information reported on Saturday.
Bain Capital, TPG and TDR Capital are additionally among the many different suitors, the report added.
Goldman Sachs and TPG declined to remark.
Subway, Bain Capital and TDR didn’t instantly reply to Reuters’ requests for remark.
The sandwich chain final month mentioned it was exploring a potential sale of its enterprise resulting from surging prices and mounting competitors from deeper-pocketed rivals.
The fast-service restaurant model didn’t point out the timing or assurance of whether or not a sale would happen.
The Wall Road Journal in January mentioned a possible sale may worth Subway at greater than $10 billion.
The corporate reported a 9.2% soar in same-store gross sales for 2022 and has greater than 37,000 eating places in additional than 100 nations.
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Reporting by Urvi Dugar in Bengaluru; enhancing by Diane Craft and Paul Simao
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