Charterhouse Capital-backed French catering business Elior is planning to raise at least €845m in an IPO on the Paris stock market next month.
The listing would value Elior at between €2.4bn and €2.8bn according to chief financial officer Oliver Dubois.
About €60m of shares from backers including Charterhouse are set to be sold alongside some new shares.
Elior, which also provides cleaning and hygiene services, hired Deutsche Bank, HSBC and JPMorgan Chase & Co in February to run the public listing.
Charterhouse currently holds a 62.4 per cent stake in Elior having paid €2.5bn for the stake back in 2006. The company reported revenues of €5bn in 2013.
Elior was said to be headed for public markets last year after private equity bids for the company did not live up to expectations, though AXA Private Equity (now Ardian) was said to still be in the race.
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