Announced
Financials
Sources
Tags
Acquisition
Business Process Outsourcing
United States
diversified business services
Public
food service
Completed
Friendly
Private Equity
Single Bidder
Synopsis
Activist investor Paul Hilal’s Mantle Ridge acquired a 10% stake in Aramark, an American food service, facilities, and uniform services provider to clients in areas including education, healthcare, business, corrections, and leisure. In addition to Aramark’s common stock, Mantle Ridge owns derivatives, bringing its total economic exposure to roughly 20% of the company. “Aramark is focused on maximizing long-term value for all of our shareholders, and welcomes open communication and constructive dialogue with our shareholders toward that goal,” Aramark said in a statement.
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