Simpson Thacher is representing Blackstone in connection with its proposed acquisition of a majority ownership position in Jersey Mike’s Subs (“Jersey Mike’s”), a leading franchisor of fast casual submarine sandwich stores. Jersey Mike’s Founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business. Terms of the transaction were not disclosed.
Jersey Mike’s Subs, with more than 3,000 locations open and in development, serves authentic fresh sliced/fresh grilled subs on in-store freshly baked bread — the same recipe it started with in 1956.
The Simpson Thacher team includes Elizabeth Cooper, Michael Chao, Erica Egenes, Wang Chen, Elias B. Rosenblatt, Luca Tomasi and Gillian Wei (M&A); Gregory Grogan, Laura Gallo, Ryan Stott, Josh Goldman and Mtume Sangiewa (Executive Compensation and Employee Benefits); Sophie Staples, Jonathan Goldstein, Edward Grais and Shareef Salfity (Tax); Lori Lesser, Kate Mirino and Corina Holland (Intellectual Property); Krista McManus and Dennis Loiacono (Real Estate); Peter Guryan, Kelly Karapetyan, James Goldfeier and Richard Jamgochian (Antitrust); Brian Gluck, Adam Moss and Alexander Kleinhaus-Resisi (Credit); John Schueller and Katherine Draper (Securitization); Leah Malone, Emily Holland and Chayla Sherrod (ESG).