ARAMARK to be taken Private at $32.00 per share
Mr. Neubauer would continue as Chairman and CEO following the transaction, and it is expected that ARAMARK's current senior managers would be offered the opportunity to invest in the transaction and will continue as the company's leadership.
"I am extremely pleased to be working with Goldman Sachs Capital Partners, J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus," Mr. Neubauer said. "I have a long personal history with these firms, and each of them has a proven record of working closely with management to build value and drive operational success in the companies with which they have been associated."
The proposal letter was accompanied by a letter from Goldman Sachs Credit Partners L.P. and J.P. Morgan Securities Inc. stating that those institutions are highly confident of raising the approximately $6.25 billion of debt financing necessary to complete the transaction.
