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Sodexo to acquire contract catering businesses in China from Compass Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

China

catering services

Vending and Catering Service

Acquisition

Cross Border

Majority

Private

Friendly

Single Bidder

Synopsis

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Sodexo, a French food services and facilities management company, agreed to acquire contract catering businesses in China from Compass Group, a British multinational contract foodservice company. Financial terms were not disclosed. "This agreement is a strategic move for Sodexo to enhance its footprint in Food Services in Mainland China, reinforcing Sodexo’s strong and continuing commitment to the China market," Sodexo.

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