Aramark Picks Bankers for Planned IPO

Aramark Corp. has selected Goldman Sachs Group Inc., to arrange its planned initial public offering along with J.P. Morgan Chase & Co., Credit Suisse Group AG and Morgan Stanley, according to a report in Dow Jones Business News. The company may file initial paperwork for the IPO in early August, though that timing may change, according to sources cited in the story.

The move, if it occurs, will be part of a trend IPOs this year that have been rising stock prices as investors look to cash out. Aramark had been taken private in 2007 by a group of investors including private equity firms Warburg Pincus LLC, Thomas H. Lee Partners LP, CCMP Capital Advisors LLC and Goldman Sach's GS Capital Partners unit, each of which owns about 21 percent of the stock. Aramark reported fiscal 2013 first half sales of $6.9 billion, a 2.5% increase from the same period in fiscal 2012.