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Charterhouse Said to Appoint Three Banks for Elior IPO

Feb. 3 (Bloomberg) -- Charterhouse Capital Partners LLP, a London-based buyout firm, has picked banks for an initial public offering of French catering company Elior later this year, according to two people with knowledge of the matter.

Deutsche Bank AG, HSBC Holdings Plc and JPMorgan Chase & Co. have been named to manage the share sale planned for Paris, the people said, asking not to be named because the details aren’t public yet. The IPO could value Elior at about 4 billion euros ($5.4 billion), one of the people said.

Elior joins French companies including Natixis SA’s credit insurer Coface SA and Alstom SA’s rail business that are planning stake sales this year. The amounts raised through IPOs in Europe more than doubled to $36 billion in 2013, compared with the previous year, according to data compiled by Bloomberg.

Representatives for all three banks, Charterhouse and Elior declined to comment on the sales process.

Charterhouse Capital, which owns 62 percent of Elior, is pursuing an IPO after hiring banks to explore a sale of the business in 2012, people familiar with the matter said at the time. Elior provides catering services to companies, schools, cities, roadside restaurants, airports and hospitals.

To contact the reporters on this story: Ruth David in London at rdavid9@bloomberg.net; Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net

To contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net; Simon Thiel at sthiel1@bloomberg.net

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