Deal Details
Initial Public Offering
Summary
Baird served as a senior co-manager on this offering
About
ARAMARK Corporation (“ARAMARK” or the “Company”) (NYSE: ARMK), a portfolio company of GS Capital Partners, CCMP Capital Advisors, JP Morgan Partners, Thomas H. Lee Partners and Warburg Pincus, recently completed an initial public offering of 41,687,500 shares of common stock at a price of $20.00 per share, generating gross proceeds of $833.8 million. The transaction included 13,687,500 shares sold by existing shareholders. ARAMARK will not receive any proceeds from the sale of those shares. ARAMARK intends to use the net proceeds from the offering to repay a portion of outstanding term loans and borrowings under the Company’s senior secured credit facilities.ARAMARK is a leading provider of food, facility and uniform services to education, healthcare, business, sports, leisure and corrections clients. Through its established brand, broad geographic presence and approximately 272,000 employees, ARAMARK serves millions of students, patients, employees, sports fans and guests in 22 countries throughout North America, Europe, Asia and South America. ARAMARK is headquartered in Philadelphia, Pennsylvania.
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- Date
- December 2013
- Company
- ARAMARK Corporation
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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