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Buyout firms eye ‘club’ deal for Subway

A trio of buyout firms are exploring the option of a joint bid for Subway, as the race to buy the $10bn (£8.3bn) sandwich chain heats up.

Advent International, Bain Capital and TPG are considering joining forces on a takeover, according to Sky News.

Rival bidders are understood to include Goldman Sach’s asset management arm and TDR Capital.

Sky News

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