Simpson Thacher, together with Sullivan & Cromwell LLP and Wachtell, Lipton, Rosen & Katz, is acting as legal advisor to a group of private equity investors and Joseph Neubauer, ARAMARK's Chairman and Chief Executive Officer, in their announced $8.3 billion acquisition of ARAMARK Corporation. Under the terms of the deal, which includes the assumption or repayment of approximately $2 billion of debt, ARAMARK stockholders will receive $33.80 in cash for each share of ARAMARK common stock they hold. The transaction is expected to be completed by late 2006 or early 2007.
ARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world.
The STB team includes Casey Cogut, Mario Ponce, Doug Bacon, Chris May and Bryan Gordon (M&A), Jay Ptashek (Credit); Joe Kaufman (Securities); Steve Todrys and Kurt Dudas (Tax); Ken Edgar (Exec. Comp.); and Mike Chepiga and Yuval Sheer (Litigation).