PAI hires JPMorgan and RBC to analyze sale of Áreas
The Spanish catering giant plans to launch the search process for a new shareholder in January, after achieving record results in its fiscal year.
Spanish restaurant giant Áreas is set to launch a search for a new shareholder in January, following record results in its fiscal year. The company's French private equity owner PAI Partners has hired JPMorgan and Royal Bank of Canada as financial advisors to explore a potential sale, which could value Áreas at €3.5-4 billion. Áreas reported record net sales of over €3 billion and an EBITDA of over €320 million in its last fiscal year, with plans to reach €3.1 billion in revenue and €380-390 million in EBITDA by 2026/2027.
PAI may choose to reinvest in Áreas or launch a competitive process, with interest from infrastructure funds.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
