Kirkland & Ellis recently advised an investor consortium on its acquisition and development of Subway’s China business, which operates the quick-service-restaurant business in mainland China under the master franchise granted by the SUBWAY® brand owner. The SUBWAY® brand is the world’s largest submarine sandwich chain with more than 40,000 locations around the world. The master franchise granted for the China market is the largest master franchise in Subway history and reportedly one of the largest across the global quick-service-restaurant industry. The Kirkland team was led by corporate partners Peng Yu and Vincent Zhou and technology & IP transactions partners Jeff Norman and Min Wang. The team also included government, regulatory & internal investigations partners Cori Lable and Yue Qiu; tax partner Mike Carew; environmental transactions partner Michael Saretsky; ESG & impact partner Alexandra Farmer; investment funds partner Nicholas Liew; debt finance partner Karen Ho; and litigation partner Yi-Chin Ho.