Jersey Mike's Subs Sold to Blackstone
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private equity giant BlackstoneCNN
•Jersey Mike’s Subs is worth $8 billion after a huge investment from Blackstone | CNN Business
73% Informative
Blackstone has acquired a "majority ownership position" in Jersey Mike's , a source says.
Jersey Mike’s founder and CEO Peter Cancro will remain with the company in the leadership position.
The deal is the largest since Subway sold itself to private equity firm Roark Capital last year for $9.6 billion .
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