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Spectrum to Become Seamless’ Largest Shareholder

Spectrum Equity is now the largest shareholder of Seamless.

Yesterday, ARAMARK said it would spin-off its interests in Seamless, the New York online and mobile food ordering service, to its shareholders. ARAMARK’s investors including GS Capital Partners, CCMP Capital, Thomas H. Lee Partners and Warburg Pincus. ARAMARK’s stake in Seamless will be divided among its shareholders, which include its private equity backers, a source tells peHUB.

The spin-off, which hasn’t closed yet, makes Spectrum the largest shareholder of Seamless, the source says. In 2011, ARAMARK sold a minority stake in Seamless to Spectrum Equity for about $50 million. It’s unclear how much Spectrum owns but their stake in Seamless does not increase because of the spin-off, the person says.

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