Australia's miners could be enjoying a delicious plate of coq au vin at the end of their shift after French food services and facilities management giant Sodexo agreed to buy Morris Corp.
Street Talk understands the Paris-headquartered Sodexo has snapped up the company that keeps the miners of Australia fed, watered and sheltered, for about $100 million.
Morris, which provides a broad range of catering, cleaning and maintenance services to remote mining camps, was half-owned by private equity firm Catalyst Investment Management, with the other 50 per cent held by a wealthy West Australian family.
Sources said Sodexo saw off interest from Danish outsourcing giant ISS and London-listed Compass Group.
As this column revealed, the mandate to sell Morris Corp was awarded to Greenhill Australia in December last year.
Elsewhere, Adventist HealthCare has launched a sale process for Dalcross Private Hospital, located in Killara, on Sydney's upper north shore, which will target aged care operators, lifestyle communities and residential developers.
There's also expected to be interest from various doctor groups wanting to maintain their practices or develop specialist practices in this part of Sydney.
Sources said the asset could fetch as much as $40 million with an information memorandum to hit pigeon-holes this week.
Adventist HealthCare is owned by the Seventh-day Adventist Church, and operates a number of healthcare businesses including Sydney Adventist Hospital (NSW's largest private hospital), San Day Surgery Hornsby and San Radiology.
