Roark Capital Group

Bankers say they’re having to work harder on the details of the transactions that are getting over the line, with boards, investors and lenders keen to avoid joining a list of stalled deals.

Morgan Stanley, Barclays, JPMorgan Chase, Mizuho, MUFG, Rabobank and Wells Fargo have committed financing for the Subway deal.

Roark beat competition from TDR and Sycamore, which brought on Goldman Sachs’ asset management arm and sovereign wealth fund Abu Dhabi Investment Authority in a last-ditch effort to come out on top.

The firm has lined up a slew of financing banks for as much as $5 billion in funding, with the rest in equity, and is trying to negotiate a purchase agreement.