The Firm represented Aramark in connection with a secondary offering of 22,468,514 shares of Aramark’s common stock by certain selling stockholders, resulting in proceeds of approximately $726 million to the selling stockholders, and a concurrent share repurchase by Aramark of 1,500,000 shares from the selling stockholders, resulting in additional gross proceeds of approximately $48.5 million. The shares being sold pursuant to the secondary offering and the share repurchase represent all of the remaining shares held by the selling stockholders.
Aramark is a leading global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients.
The Simpson Thacher team included Joseph Kaufman, Karen Wang and Katharine Thompson (Capital Markets); Douglas Tang (Executive Compensation and Employee Benefits); and Jonathan Cantor and Jodi Sackel (Tax).
Source: www.stblaw.com
