Reuters – Bankers Prepare for Elior Sale

Bankers are preparing debt packages in excess of 2 billion euros ($2.6 billion) to back a buyout of French catering company Elior, Reuters reported Thursday. Private equity firm Charterhouse Capital Partners decided last month to sell Elior, either in whole or in part, and hired Credit Agricole, HSBC and Rothschild to manage the sales process The whole business, which includes a contract and concessions unit, could fetch 3-4 billion euros.

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