Roark has been battling it out with a group of rival private-equity firms including TDR and Sycamore, and pulled ahead in recent days, the report said, adding a deal could be finalized this week.
A deal could be finalized this week, the report said, citing people familiar with the matter.
Reuters reported earlier this month that private equity firms TDR Capital and Sycamore Partners were in talks to team up in their pursuit to acquire Subway, which in February said it was Sources told Reuters then that Subway was targeting well over $9 billion in a deal, and remains uncertain whether TDR and Sycamore can meet its price expectations. Another group led by Roark Capital was in the running, the sources had added.
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