Simpson Thacher is representing Compass Group Plc (LON:CPG) (“Compass”) in connection with its announced sale of its subsidiary GR Serviços e Alimentação Ltda (“GRSA”) to GPS Participações e Empreendimentos S.A. (B3:GGPS3). The transaction is subject to regulatory approvals and other customary closing conditions.
Compass is a leading foodservice and support services company active in Brazil since 1998 through GRSA. Since then, GRSA has become one of the largest foodservice and support services companies in Brazil with over 450 clients and R$3.3 billion in annual revenues.
GPS is a leading integrated services provider in Brazil, primarily providing facilities management, security services, maintenance and industrial services, and indoor logistics services.
The Simpson Thacher team includes S. Todd Crider, Grenfel S. Calheiros, Siddharth Fresa, Susan Uquillas and Isaac Cattan (M&A – Latin America); Jonathan Goldstein and Ruoxi Zhang (Tax-US); Sarah Lindley and Sefia Jivraj (Tax-UK); Ben Spiers (Corporate – UK); Peter Guryan, Richard J. Jamgochian, Jamie C. Logie (Antitrust); Tristan Brown, and Allison M. Sutherland (Executive Compensation and Employee Benefits); and Steven R. DeLott (Insurance).