August 9, 2006

Professional services firm ARAMARK Corporation announces merger agreement with the company Chairman and a group of private equity firms including Warburg Pincus.

On August 8, professional services firm ARAMARK Corporation announced that it has signed a definitive merger agreement under which ARAMARK Chairman and CEO Joseph Neubauer and investment funds managed by private equity firms GS Capital Partners, CCMP Capital Advisors and J.P. Morgan Partners, Thomas H. Lee Partners and Willkie client Warburg Pincus LLC will acquire ARAMARK for approximately $8.3 billion, including the assumption or repayment of about $2 billion of debt.  Under the agreement ARAMARK stockholders will receive $33.80 in cash for each share of ARAMARK common stock they hold.   Philadelphia-based ARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to an array of businesses and institutions around the world.  It has approximately 240,000 employees serving clients in 20 countries.  Partner Steven Gartner and associates Robert Langdon and Michael Brandt advised Warburg Pincus.