Aramark announced an agreement to sell its 50% equity stake in AIM Services to Mitsui & Co., Ltd. for $535M. The company will use the proceeds from the transaction toward debt repayment. AIM Services was established as a joint venture between Aramark and Mitsui Group companies in 1976 to provide food services to clients across a variety of business sectors in Japan. The transaction is anticipated to close at the beginning of Aramark’s fiscal third quarter, subject to customary closing conditions and approvals.
Published first on TheFly
