Aramark $2.35 billion acquisition of Avendra/AmeriPride Services

Overview:

• Aramark has acquired Avendra and AmeriPride Services for $2.35 billion.
• The company will acquire Avendra for $1.35 billion from Marriott International and AmeriPride for $1 billion.
• Both deals will strengthen Aramark's business positions in the United States and Canada. 
• Financing will be provided through a new debt issue.
• Aramark has used the financial advice of JP Morgan for the Avendra acquisition and Goldman Sachs and Morgan Stanley for the AmeriPride deal.
• Credit Suisse acted for AmeriPride, while Goldman Sachs did so for Avendra. 

 Katrin Kostadinova - Data analyst