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.
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