Target: Newrest
Price: Undisclosed
Sponsor: Ardian
Buyer: Company management
Ardian said that the stake sale of Newrest, which provides catering for France’s high speed trainline SNCF, would be accompanied by a new minority stake purchase in the company from its co-investment arm.
Ardian originally invested in Newrest in 2009.
Freya Berry is a correspondent for Reuters in London.