Blackstone Buys Controlling Stake of Jersey Mike’s Subs in Latest Franchisor Deal
KEY TAKEAWAYS Blackstone has bought control of Jersey Mike’s Subs, in the latest move by the private equity giant to buy franchisors.Blackstone didn’t give a deal amount, but The Wall Street Journal,
Blackstone Buying Majority Stake In Jersey Mike's Subs At $8B Valuation
The sub shop franchisor has more than 3,000 locations nationwide, and Blackstone aims to accelerate its expansion.
Jersey Mike’s sold to private equity firm Blackstone for $8B
The acquisition is aimed at enabling the franchise to accelerate its expansion across and beyond the U.S. market.
Private equity to acquire majority share of Jersey Mike’s Subs
Jersey Mike’s Subs announced that private equity firm Blackstone will acquire a majority ownership position in Jersey Mike’s.
Blackstone buys Jersey Mike's sandwich chain
Asset management firm Blackstone will become the majority owner of sandwich chain Jersey Mike’s in a deal that values the company at a reported $8 billion.
Jersey Mike's Sandwich Chain Is Acquired by Private Equity Firm Blackstone
Jersey Mike's, the quickly expanding sandwich chain, is being acquired by the private equity firm Blackstone. The transaction is "intended to help enable Jersey Mike’s to accelerate its expansion across and beyond the U.
Blackstone to acquire majority stake in sandwich chain Jersey Mike's Subs
Private equity firm Blackstone will acquire a majority stake in Jersey Mike's Subs, the sandwich chain said on Tuesday. Reuters had reported on Monday that Blackstone was nearing a deal for Jersey Mike's at around $8 billion,
Blackstone near deal to acquire Jersey Mike’s, WSJ says
Blackstone (BX) is close to announce a deal for privately-held Jersey Mike’s Subs that would value the sandwich chain at about $8B, The Wall
Blackstone Is Said to Near Deal for Sandwich Chain Jersey Mike’s
Blackstone Inc. is close to an agreement to acquire sandwich chain Jersey Mike’s for about $8 billion including debt, according to a person familiar with the matter.
Blackstone To Acquire Majority Stake In Jersey Mike's Subs
Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company,
Franchisees Benefit From Subchapter V Bankruptcy Option
When franchisees choose to financially reorganize under the Bankruptcy Code, they may be the right size to choose to ...
‘I feel like a failure’: California woman forced to sell home to repay $600K loan after BurgerIM dream turns into heart-wrenching nightmare
A California woman was left with nothing but heartache after the franchise she invested in slowly went down the drain.
QSR magazine6d
Former Franchisees Adjust to the Role of Franchisor
“Spending a lot of time with early-stage companies on the franchisee side of things really informed me that as a franchisor ...
Tightening the Noose on Franchise Fraud
"As a lawyer exclusively representing franchisees, the types of claims that I see are numerous and varied. Anything from a ...
Local TGI Friday's restaurants will remain open despite corporate bankruptcy
In the Pittsburgh area, it will remain always Friday. For the Pittsburgh's region's TGI Friday's restaurants, it's still ...
JD Supra7d
Minnesota Federal Court Grants Franchisor’s Motion for Preliminary Injunction for Noncompete and Lanham Act Violations by Out-of-State Franchisee
A federal court in Minnesota recently granted franchisor Snap Fitness Inc.’s motion for preliminary injunction against an out-of-state franchisee ...
The Royal Gazette4d
Tucker’s Farm acquires leading Christmas decorating franchisor
Tucker’s Farm Corporation, the Bermudian-based investment holding vehicle, has acquired a leading franchisor of premium ...