It is confirmed that Blackstone (BX.US) is about to acquire the American sandwich chain Jersey Mike's.

According to sources familiar with the matter, Blackstone (BX.US) is reportedly close to reaching an agreement to acquire sandwich chain Jersey Mike's for approximately $8 billion, including debt. The sale announcement could be made as early as this week. The source also mentioned that the final agreement has not been reached yet, and negotiations could still potentially fall through. Last year, private equity firm Roark Capital Group agreed to acquire Jersey Mike's larger competitor Subway for over $9 billion. This year, Blackstone has been investing in food service chain stores. In February, Blackstone Inc. announced a growth equity investment in 7 Brew Coffee to help accelerate its business in the beverage industry. In April, Blackstone Inc. also stated that it had agreed to acquire fast casual restaurant franchise operator Tropical Smoothie Cafe from Levine Leichtman Capital Partners.