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CCMP Capital Announces ARAMARK AcquisitionAugust 8, 2006 - CCMP Capital Advisors, LLC (“CCMP”) announced that it and JPMorgan Partners have entered into a definitive merger agreement to acquire Aramark Corporation (NYSE: RMK), a leading food and support services and uniform rental company. CCMP and JPMorgan Partners, in partnership with Goldman Sachs PIA, Thomas H. Lee Partners, Warburg Pincus and company management, will collectively invest approximately $1.9 billion of equity to complete the “take private” transaction. CCMP expects that up to $250 million will be invested by J.P. Morgan Partners Global Investors, L.P., a JPMorgan Partners fund advised by CCMP, and another $250 million will be invested by CCMP Capital Investors II, L.P., a fund managed by CCMP. CCMP expects Aramark to generate solid growth and margin improvement through a realignment of management incentives as a private company. CCMP and the investor group are partnering with Joe Neubauer, the Chairman and Chief Executive Officer of Aramark, in this transaction. Aramark is a global leader in its industry providing services to business, education, healthcare, government, and sports and entertainment clients, as well as uniform and career apparel, across a broad spectrum of customers. The company generated approximately $11 billion of sales in 2005. Back to Press Releases |
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The historical information presented may reflect the activities of the professionals of CCMP Capital Advisors, LLC (together with its affiliates, “CCMP Capital”) while they were members of J.P. Morgan Partners, LLC ("JPMP"), a private equity division of JPMorgan Chase & Co. prior to CCMP Capital's commencing operations. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2008 CCMP CAPITAL ADVISORS, LLC. All rights reserved. |
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