Press Release

White & Case Advises Bank Syndicate on Elior IPO

Global law firm White & Case LLP has advised a syndicate of banks led by Deutsche Bank, J.P. Morgan, Crédit Agricole Corporate & Investment Bank and HSBC on the initial public offering of Elior on the regulated market of Euronext Paris.

The IPO has been initiated by Elior's shareholders Charterhouse Capital Partners and Chequers Capital investment funds. The prospectus received the visa from the French Financial Markets Authority (Autorité des marchés financiers) on May 27, 2014 and the first listing is scheduled for June 11, 2014. The maximum amount of the offer is €1.1 billion.

Elior is one of the world's leading operators in the contracted food and support services industry, serving approximately 3.7 million customers per day in around 17,500 restaurants and outlets globally and employing around 105,000 employees in 13 countries across Europe, North America and Latin America. The company generated revenue of approximately €5 billion during financial year ended September 30, 2013 and achieved earnings before interest, taxes, depreciation and amortization (EBITDA) of €424 million.

The White & Case team in Paris was led by partners Thomas Le Vert and Séverin Robillard with support from associates Tatiana Uskova and François Carrey. Partner Colin Chang and associate Jordan Zaluski advised on US law aspects and partner Alexandre Ippolito, with support from associate Marcus Schmidbauer, advised on tax issues.

Press Contact
For more information please speak to your local media contact.