The head of KKR & Co.’s private equity business in the UK and Ireland has decided to leave the firm just months after it closed its latest European buyout fund. Tim Franks, a partner who also ran KKR’s private equity consumer team in Europe, the Middle East and Africa, joined from rival Advent International in 2017. He was involved in deals including KKR’s investment in haircare brand Wella and acquisition of Unilever Plc’s margarine and spreads business. Separately, Daan Knottenbelt, the...

Roark Capital Group is among potential buyers vying for sandwich chain Subway, according to people with knowledge of the matter. Other private equity firms are also considering bidding on the Milford, Connecticut-based company, said the people, who asked to not be identified because the matter isn’t public. Subway is seeking a valuation of more than $10 billion, one of the people said. Some suitors may value the business at as much as $8 billion, another person said. No final decision has...

Citigroup Inc. has appointed Robert Way as head of its investment banking business in the UK. Way will also join the executive committee of Citigroup’s banking, capital markets and advisory business in the UK and Ireland, according to a memo from the bank. He succeeds Andrew Truscott, who is standing down to become chief executive officer of John Laing Group, the infrastructure investor owned by KKR & Co. Truscott, a former JPMorgan Chase & Co. banker who joined Citigroup in 2018, will take...

Private equity firms are setting their sights on French payments processor Ingenico Group SA as they scout the market for their next target among Europe’s hottest fintechs, according to people with knowledge of the matter. The Paris-based company, with a market value of about 4.73 billion euros ($5.5 billion), is drawing preliminary interest from several buyout firms, some of which are discussing the feasibility of taking it private, the people said, declining to be identified as the...