Simpson Thacher advised Compass Group PLC (LON:CPG) (“Compass”) in connection with the divestment of its operating subsidiaries located in Chile, Colombia and Mexico to Newrest Group. This transaction completes Compass’s exit from the Latin America region, following Compass’s previous divestments of its operating subsidiaries in Brazil and Argentina, on which Simpson Thacher also advised Compass.
Compass Group is one of the world's leading providers of food services, operating in around 30 countries, with 580,000 employees worldwide.
Newrest Group is a global catering company that specializes in out-of-home food service, including airline catering, rail catering, and remote site management.
The Simpson Thacher team includes Grenfel S. Calheiros, S. Todd Crider, Siddharth Fresa, Susan Uquillas and Isaac Cattan (M&A – Latin America); Jonathan Goldstein and Ruoxi Zhang (Tax-US); Sarah Lindley (Tax-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).