Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Franchisees Are Buying Up Their Own Brands
Episode 5 of The Buyout Show dives into a surprising corner of private equity: franchisee-led acquisitions. Lucas and Luna explore how a group of Subway franchisees, backed by PE firm Roark Capital, attempted to buy out their own franchisor in 2023 — a deal that ultimately didn't close, but reshaped the conversation around operator-led buyouts. They unpack the economics of the $9.6 billion bid, the tension between franchisees and corporate, and why this model is gaining traction in industries like fast food, hotel management, and home services. Lucas explains the 'roll-up'…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.