Aramark Files for IPO


Aramark does more than give you a burger and soda at the game or hospital cafeteria, its mission is to “Deliver experiences that enrich and nourish lives.”

In January 2007, ARAMARK Corp. completed its merger, pursuant to which GS Capital Partners (Goldman Sachs), CCMP Capital Advisors, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC, and Joseph Neubauer, Chairman and Chief Executive Officer, acquired the company for approximately $8.6 billion, including the assumption or repayment of approximately $2.0 billion of debt.

The deal has come full circle as ARAMARK Holdings Corporation filed a registration statement for a $100 million IPO.  Since it is the first filing, you can’t see how they are valuing the company.  It is clear that some of the current insiders are selling their shares; however, they have not disclosed these numbers yet either.

The filing does present:

  • $13.5 billion in 2012 sales and $10.4 billion in nine months sales through June 28, 2013; and
  • $104 million in 2012 net income and $30 million in nine months net income through June 28, 2013.

We hope for their sake that they have a big Q4 since the previous corresponding period net income numbers were $84 million and $45 million, respectively.

Like the AMC deal, we expect that we’ll be keeping an eye on this one for in depth reviews for private clients with interesting nuggets for blog readers.

The John Belushi zit, food fight scene from Animal House. Not an ARAMARK account.



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