Aramark In Buyout

Aramark Corp. has agreed to a $6.3 billion buyout by a group of investors that includes company CEO Joseph Neubauer, the company announced August 8th.

Buyers will also assume $2 billion in debt.

The private equity group includes GS Capital Partners; CCMP Capital Advisors and JP Morgan Partners; Thomas H. Lee Partners; and Warburg Pincus.

An Aramark spokeswoman declined to discuss how Aramark’s workforce would be affected by the acquisition, which is expected to close late 2006 or early next year.

Aramark’s board agreed to the deal and plans to advise shareholders to accept the terms. Shareholders will get $33.80 in cash for each share. Shares were trading in the $33 range at press time.