Aramark set for £500m IPO listing

03 December 2013 by
Aramark set for £500m IPO listing

Foodservice company Aramark is to "test investor appetite" for its portfolio as it looks to raise over $830m (£506m) in its IPO listing before the end of the year.

Aramark is controlled by Warburg Pincus, Thomas H Lee and Goldman Sachs Capital Partners, reports the Financial Times

Aramark's net debt is reported at $5.7b (£3.5b), but the company is also said to be planning to sell over 36 million shares at $23 (£14) a share, making it worth $5.3b (£3.2b) on the market.

The reports come amid suggestions that investors are proving more reluctant to take on risk in these last weeks, despite having been a strong year.

A global company, Aramark runs catering and other services across stadiums, offices, university campuses and sports venues. Its most recent deals include a £7m University of Worcester contract, a £25m UK deal with plane manufacturer Airbus, and a high-profile win of the 2014 FIFA World Cup catering.

Hilton Worldwide has over 4,000 hotels in more than 90 countries and operates almost 120 properties under the Waldorf Astoria, Hilton Hotels and Resorts, Doubletree by Hilton, Hampton by Hilton and Hilton Garden Inn brands.

Biggest hotel-IPO set for Hilton Worldwide >>

Aramark wins £25m UK Airbus deal from Sodexo >>

Aramark scores 2014 FIFA World Cup catering deal >>

Aramark scoops £7m University of Worcester deal >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking