Sodexo in talks with CVC on restaurant check business - Les Echos

The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, November 30, 2018. REUTERS/Gonzalo Fuentes/

PARIS, April 25 (Reuters) – Sodexo (EXHO.PA) has entered talks with buyout firm CVC (CVC.UL)on a deal about its restaurant check unit, French business daily Les Echos reported on Monday, citing sources close to the talks.

Both CVC and Sodexo declined to comment.

Sodexo is prepared to sell 20% to 30% of the unit, which could be valued at as much as 4 billion euros ($4.3 billion) to CVC, the report said.

According to the report, Sodexo had approached other private equity firms including Bain Capital and Silver Lake, but these had considered the price too high and walked away from the deal.

Analysts at Morgan Stanley and…