Aramark to sell 50% equity stake in AIM Services to Mitsui & Co, for $535M

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.