Sponsors could double their money with debt-laden Aramark IPO

Aramark Holdings, one of the big club deals from the last decade, is slated to go public next week, sister news service peHUB reported. The IPO would give Aramark’s private equity investors a path to exit, but the food service provider will enter the public markets saddled with much debt.

Philadelphia-based Aramark is expected to price its IPO on Dec. 11 and trade the next day. The food service provider is offering 36.25 million shares at $20 to $23 each via bookrunners Goldman Sachs, JP Morgan, Credit Suisse and Morgan ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.