PHILADELPHIA Aramark Corp., the contract foodservice concern based here, became a private company today with the completion of its $8.3-billion buyout by a management-led group.
The deal, announced last August, was organized by Aramark chairman and chief executive Joseph A. Neubauer and private equity investor groups GS Capital Partners, CCMP Capital Advisors, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC as well as 250 senior executives of the contractor. They bought the concern for $33.80 per share, plus the assumption of around $2 billion in debt.
According to data collected by Nation’s Restaurant News for its Top 100 survey, Aramark in 2006 reported food and beverage revenues of more than $5.5 billion.