Sodexo announces the acquisition of 100 % of Score Groupe from Abenex Capital (Business Wire)

announced today that it has signed with Abénex Capital an agreement to acquire 100 % of Score Groupe, one of the leading independent providers of foodservices in France. This transaction is subject to approval by the French competition authorities. Sodexo expects to close the transaction during the first quarter of fiscal year 2009. Founded in 1972 by Jean-Marie Paul, Score Groupe was taken over in a leveraged buyout transaction led managed by Abénex Capital in 2004. The company generated revenues of approximately €220 million in 2007 and has 3, 900 employees. With this acquisition Sodexo reinforces its position in the French foodservices market, which continues to have a strong potential for growth. Score Groupe complements Sodexo’s offer, both in terms of targeted offerings by client segment as well as national geographic... [read full story]