QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 53, No. 12, December 2013, Posted On: 12/2/2013


Aramark Sets Terms For IPO


by Staff Reporter
TAGS: Aramark IPO, Aramark Holdings Co., Aramark proposed initial public offering, vending, food service, uniform services, Joseph Neubauer, Warburg Pincus, ARMK

PHILADELPHIA -- Aramark Holdings Co. has announced terms for its proposed initial public offering of 36.3 million shares. The stock is expected to be priced between $20 and $23 a share, according to today's filing with the U.S. Securities and Exchange Commission. Aramark expects to offer 28 million shares, while private-equity stockholders will sell the remaining 8.3 million shares.

Aramark filed plans for an IPO of up to $100 million in September. It intends to use its share of the proceeds to pay down debt. | SEE STORY

This will be the third IPO for the Philadelphia-based provider of vending, food, facilities and uniform services. The company's chairman, Joseph Neubauer, who owns about 10% of Aramark, led a buyout in 1984 and helped bring the company back to public ownership in 2001. He then led its 2007 buyout with a group of private-equity firms that included GS Capital Partners, JP Morgan Partners and Warburg Pincus. The latter will remain the company's largest shareholder, with an 18.2% stake.

Aramark will list its shares on the New York Stock Exchange under the symbol ARMK.


Topic: Vending Features

Articles:
  • Georgia's A&A Vending Deepens Relationship With USA Technologies, Upgrades 1,200 Machines
  • NAMA Offers Eight Tips To Help Vending Industry Prepare For FDA's Dec. 1 Calorie-Disclosure Deadline
  • Expovending & OCS Planners Re-Slot Brazilian Show To March 2017
  • Oakland Soda Tax To Be Included On November Ballot
  • Swire Coca-Cola Finalizes Refranchising For Arizona And New Mexico

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570