Clearwater International and DC Advisory Partners have advised Elior on the sale of its Dutch catering unit, Elior Nederland BV, to Compass Group.
With a workforce of around 1,400 staff and 375 client sites, Elior Nederland is a major provider of catering services in the Netherlands, well implanted in the Business & Industry (B&I), education and healthcare sectors. The group generated revenues of approximately €100m in 2010.
Following a competitive sale process, Compass group was chosen and thus will significantly strengthen its position in the Dutch market.
The proceeds from this sale has enabled Elior, the third largest European catering services operator, to focus on its priority markets.
The Clearwater International team was led by Philippe Croppi