Bulletin: Compass Group Aims To Complement Its U.K. And Irish Business With Acquisition Of U.K.-Based CH&CO - S&P Global Ratings’ Credit Research

Bulletin: Compass Group Aims To Complement Its U.K. And Irish Business With Acquisition Of U.K.-Based CH&CO

Bulletin: Compass Group Aims To Complement Its U.K. And Irish Business With Acquisition Of U.K.-Based CH&CO - S&P Global Ratings’ Credit Research
Bulletin: Compass Group Aims To Complement Its U.K. And Irish Business With Acquisition Of U.K.-Based CH&CO
Published Jan 26, 2024
2 pages (1057 words) — Published Jan 26, 2024
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Abstract:

This report does not constitute a rating action. LONDON (S&P Global Ratings) Jan. 26, 2024--S&P Global Ratings today said that the proposed acquisition of CH&CO by Compass Group PLC (A/Stable/A-1) will have limited effect on the group's leverage, which we expect to remain in line with its reported target (net debt to EBITDA of 1.0x-1.5x). By acquiring U.K.-based CH&CO, a provider of contract and hospitality services, Compass intends to complement its food service business in the U.K. and Ireland. The ratings are unaffected. Compass proposes acquiring CH&CO for £475 million, an amount that, while material, would still leave it with sufficient headroom under the ratings to make additional acquisitions and shareholder returns. CH&CO operates across multiple sectors, including business and

  
Brief Excerpt:

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Report Type:

Bulletin

Ticker
CPG@LN
Issuer
Compass Group PLC
GICS
Restaurants (25301040)
Sector
Global Issuers
Country
United Kingdom
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Compass Group Aims To Complement Its U.K. And Irish Business With Acquisition Of U.K.-Based CH&CO" Jan 26, 2024. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Compass-Group-Aims-To-Complement-Its-U-K-And-Irish-Business-With-Acquisition-Of-U-K-Based-CH-CO-3117641>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Compass Group Aims To Complement Its U.K. And Irish Business With Acquisition Of U.K.-Based CH&CO Jan 26, 2024. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Compass-Group-Aims-To-Complement-Its-U-K-And-Irish-Business-With-Acquisition-Of-U-K-Based-CH-CO-3117641>
  
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