Advent, Bain and TPG show appetite for Subway deal
Auction for sandwich chain shows PE's hunger for club deals
Trio of buyout firms are circling Subway
Jakub Porzycki/Getty ImagesA trio of buyout giants are reportedly teaming up to explore a joint bid for sandwich chain Subway.
US private equity firms Advent International, Bain Capital and TPG are mulling a takeover of Subway, according to Sky News.
An auction of the food chain, which is being run by bankers at JP Morgan, is expected to fetch a sum of between $8bn...
