June 8th, 2011

ARAMARK Sells Stake In Online Food Ordering Service SeamlessWeb For $50M

Private equity firm Spectrum Equity has acquired from ARAMARK a minority stake in SeamlessWeb, which offers an online and mobile food ordering service, for $50 million. Following the transaction, SeamlessWeb’s operations will be separated from those of ARAMARK.

SeamlessWeb CEO Jonathan Zabusky posits that the transaction enables the company to pursue accelerated expansion and product… → Read More