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Private equity consortium to acquire ARAMARK for $8.3bn

9 Aug 2006

A private equity consortium comprised of GS Capital Partners, CCMP Capital Advisors, JPMorgan Partners, Thomas H. Lee Partners and Warburg Pincus has agreed to back Joseph Neubauer, ARAMARK chairman and chief executive officer, in the acquisition of ARAMARK in a transaction valued at approximately $8.3bn, including the assumption or repayment of approximately $2bn of debt.

Under the terms of the agreement, ARAMARK stockholders will receive $33.80 for each share of ARAMARK common stock they hold. In May the private equity consortium offered $32 per share.

Philadelphia-headquartered ARAMARK provides food services, facilities management, and uniform and career apparel to healthcare institutions, universities and school districts, stadiums and arenas, and businesses globally.

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