Food service provider ARAMARK Holdings files for a US IPO that could raise upwards of $500 million
ARAMARK Holdings, which provides food, facilities and uniform services to a variety of commercial clients, filed on Monday with the SEC to raise up to $100 million in an initial public offering, although this amount is likely just a placeholder. We expect the company will raise at least $700 million. The Philadelphia, PA-based company, which was founded in 1959 and booked $13.8 billion in sales for the 12 months ended June 30, 2013, plans to list on the NYSE and has yet to announce a ticker. Goldman Sachs, J.P. Morgan, Credit Suisse and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.