Compass agrees to sale of Selecta vending business to private-equity firm in $1.53B deal

Compass agrees to sale of Selecta vending business to private-equity firm in $1.53B deal

LONDON Compass Group PLC, the world’s largest contract caterer and facilities management specialist, said it has agreed to sell its 22-nation Selecta European vending business to Allianz Capital Partners, a private-equity firm, for about $1.53 billion. —

The deal is expected to close in July. —

Following the completion of the sale, Compass said it would return $990.9 million of the sale price to sha

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