Global law firm White & Case LLP has advised Jersey Mike's Subs, a leading franchisor of fast-casual submarine sandwich stores in the United States, on its entry into an agreement whereby private equity funds managed by Blackstone will acquire a majority ownership position in Jersey Mike's.
Under the terms of the deal, Jersey Mike's founder and CEO, Peter Cancro, will maintain a significant equity stake and continue to lead the business. The transaction is expected to be completed in early 2025, subject to the satisfaction of certain closing conditions, including applicable regulatory approvals.
The White & Case team was led by M&A partners Gregory Pryor (New York) and Jeff Gilson (Chicago), and included associates Jane Kim, Jacquie Smith, Mario Olczykowski (all in New York) and Zach Smith (Chicago). The White & Case team also included Capital Markets partner David Thatch; Tax partner Scott Fryman; Employment, Compensation & Benefits partners Henrik Patel and Tal Marnin; Technology Transactions partner Arlene Arin Hahn (all in New York); and Real Estate partner David Pezza (Chicago).
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