© Reuters. FILE PHOTO: The Subway restaurant logo is seen on a napkin in this photo illustration August 30, 2017. REUTERS/Thomas White/Illustration
(Reuters) – The asset management arm of Goldman Sachs Group Inc is among the suitors for the U.S.-based sandwich chain Subway, which has been put up for sale with an estimated price tag of $10 billion, it reported on Saturday Sky News.
Bain Capital, TPG and TDR Capital are also among the other interested parties, the report added.
Goldman Sachs (NYSE:) could not immediately be reached for comment, while TPG declined to comment.
Subway, Bain Capital and TDR did not immediately respond to Reuters requests for comment.
The sandwich chain said last month it was exploring a possible sale of its business due to rising costs and increasing competition from more well-resourced rivals.
The quick-service restaurant brand did not indicate when or how certain a sale would occur.
The Wall Street Journal said in January that a potential sale could value Subway at more than $10 billion.
The company reported a 9.2% increase in same-store sales by 2022 and has more than 37,000 restaurants in more than 100 countries.
