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PRINT THIS PAGE Allianz Capital Partners buys Selecta16/05/2007. Source: AltAssets. 
 Compass Group has agreed to sell its European vending business, Selecta, to a company managed by Allianz Capital Partners for a consideration of £772.5m on a debt and cash free basis, subject to customary closing adjustments.
Selecta operates approximately 150,000 vending machines in total. In the year ended 30 September 2006 the company recorded an operating profit before goodwill amortisation of £47m on a turnover of £482m, according to a statement.
Jörg Baldauf, managing director of ACP, said, 'ACP is delighted with the successful conclusion of the transaction with Compass. We look forward to working closely with Selecta's management to develop its excellent position as the leading European vending operator and pursue its strong prospects for further growth.'
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