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Aramark Corporation

exited

Services / Food — GS Capital / CCMP / JPM / THL / Warburg Pincus

Deal Terms

Entry Year2007
Entry EV$8.3B
Entry Multiple9x
Leverage7x
Debt Amount$6B

Outcome

Exit Year2013

Risk Metrics

LTV (est.)72%
Debt / EV0.72x

Notes

$8.3B LBO by PE mega-consortium including management. $6B in leveraged loans (covenant-lite, pre-crisis). Food services / uniforms / facilities management. IPO'd Dec 2013 with $5.8B still in debt. PE sponsors doubled money. Workers in schools, prisons, stadiums bore the cost-cutting pressure throughout PE ownership.

Sponsor

Warburg Pincus$83B AUM