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Compass to buy rival for £475m
Evening Standard
|January 22, 2024
CONTRACT catering giant Compass is set to snap up a rival that provides hospitality at a range of prestigious London venues including the Royal Opera House, Kew Gardens and Abbey Road Studios, in a £475 million deal.
Compass said it has reached an agreement for the takeover of royal warrant holder CH&CO, which owns the Company of Cooks, Gather & Gather, Vacherin and Blue Apple brands.
The company, which also works with Royal Academy of Arts, the Southbank Centre, RSA House, and Old Royal Naval College, has been owned by City-based private equity firm Equistone since 2019. It generates annual turnover of around £475 million from contracts with sectors including business, sports and leisure, education, and healthcare.
This story is from the January 22, 2024 edition of Evening Standard.
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