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MARTIN LIPTON HERBERT M. WACHTELL THEODORE N. MIRVIS EDWARD D. HERLIHY DANIEL A. NEFF ANDREW R. BROWNSTEIN STEVEN A. ROSENBLUM JOHN F. SAVARESE SCOTT K. CHARLES JODI J. SCHWARTZ ADAM O. EMMERICH RALPH M. LEVENE RICHARD G. MASON ROBIN PANOVKA DAVID A. KATZ ILENE KNABLE GOTTS JEFFREY M. WINTNER TREVOR S. NORWITZ BEN M. GERMANA ANDREW J. NUSSBAUM RACHELLE SILVERBERG STEVEN A. COHEN DEBORAH L. PAUL | DAVID C. KARP RICHARD K. KIM JOSHUA R. CAMMAKER MARK GORDON JEANNEMARIE O’BRIEN WAYNE M. CARLIN STEPHEN R. DiPRIMA NICHOLAS G. DEMMO IGOR KIRMAN JONATHAN M. MOSES T. EIKO STANGE WILLIAM SAVITT GREGORY E. OSTLING DAVID B. ANDERS ANDREA K. WAHLQUIST ADAM J. SHAPIRO NELSON O. FITTS JOSHUA M. HOLMES DAVID E. SHAPIRO DAMIAN G. DIDDEN IAN BOCZKO MATTHEW M. GUEST DAVID E. KAHAN | 51 WEST 52ND STREET NEW YORK, N.Y. 10019-6150 TELEPHONE: (212) 403-1000 FACSIMILE: (212) 403-2000 ________ | DAVID K. LAM BENJAMIN M. ROTH JOSHUA A. FELTMAN ELAINE P. GOLIN EMIL A. KLEINHAUS KARESSA L. CAIN RONALD C. CHEN GORDON S. MOODIE BRADLEY R. WILSON GRAHAM W. MELI GREGORY E. PESSIN CARRIE M. REILLY MARK F. VEBLEN SARAH K. EDDY VICTOR GOLDFELD BRANDON C. PRICE KEVIN S. SCHWARTZ MICHAEL S. BENN SABASTIAN V. NILES ALISON ZIESKE PREISS TIJANA J. DVORNIC JENNA E. LEVINE RYAN A. McLEOD | ANITHA REDDY JOHN L. ROBINSON JOHN R. SOBOLEWSKI STEVEN WINTER EMILY D. JOHNSON JACOB A. KLING RAAJ S. NARAYAN VIKTOR SAPEZHNIKOV MICHAEL J. SCHOBEL ELINA TETELBAUM ERICA E. BONNETT LAUREN M. KOFKE ZACHARY S. PODOLSKY RACHEL B. REISBERG MARK A. STAGLIANO CYNTHIA FERNANDEZ LUMERMANN CHRISTINA C. MA NOAH B. YAVITZ BENJAMIN S. ARFA NATHANIEL D. CULLERTON ERIC M. FEINSTEIN ADAM L. GOODMAN | ||||||||||||||||||||||
GEORGE A. KATZ (1965–1989) JAMES H. FOGELSON (1967–1991) LEONARD M. ROSEN (1965–2014) _____________ OF COUNSEL | ||||||||||||||||||||||||||
MICHAEL H. BYOWITZ KENNETH B. FORREST SELWYN B. GOLDBERG PETER C. HEIN JB KELLY MEYER G. KOPLOW JOSEPH D. LARSON LAWRENCE S. MAKOW DOUGLAS K. MAYER PHILIP MINDLIN DAVID S. NEILL HAROLD S. NOVIKOFF LAWRENCE B. PEDOWITZ ERIC S. ROBINSON | ERIC M. ROSOF ERIC M. ROTH PAUL K. ROWE DAVID A. SCHWARTZ MICHAEL J. SEGAL DAVID M. SILK ROSEMARY SPAZIANI ELLIOTT V. STEIN WARREN R. STERN LEO E. STRINE, JR.* PAUL VIZCARRONDO, JR. PATRICIA A. VLAHAKIS AMY R. WOLF MARC WOLINSKY | |||||||||||||||||||||||||
* ADMITTED IN DELAWARE _______________ COUNSEL | ||||||||||||||||||||||||||
DAVID M. ADLERSTEIN SUMITA AHUJA LOUIS J. BARASH FRANCO CASTELLI ANDREW J.H. CHEUNG PAMELA EHRENKRANZ KATHRYN GETTLES-ATWA ADAM M. GOGOLAK NANCY B. GREENBAUM | ANGELA K. HERRING MARK A. KOENIG CARMEN X.W. LU J. AUSTIN LYONS ALICIA C. McCARTHY NEIL M. SNYDER S. CHRISTOPHER SZCZERBAN JEFFREY A. WATIKER | |||||||||||||||||||||||||
July 7, 2023
VIA EDGAR SUBMISSION
U.S. Securities and Exchange Commission
Division of Corporation Finance
100 F Street, NE
Washington, D.C. 20549
| Attention: | Rucha Pandit and Mara Ransom | |||||||
| Division of Corporation Finance | ||||||||
| Office of Trade & Services | ||||||||
| Re: | Epic NewCo, Inc. | |||||||
| Amendment No. 1 to Draft Registration Statement on Form 10-12B Submitted May 26, 2023 | ||||||||
| CIK No. 0001967649 | ||||||||
Ladies and Gentlemen:
On behalf of our client, Epic NewCo, Inc. (the “Company”), we are providing the Company’s responses to the comments of the Staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”) set forth in its letter, dated June 20, 2023, with respect to the above-referenced Amendment No. 1 to Draft Registration Statement on Form 10-12B (the “First Amendment”). The Company is concurrently confidentially submitting to the Staff its Amendment No. 2 to Draft Registration Statement (the “Second Amendment”) via EDGAR.
U.S. Securities and Exchange Commission
July 7, 2023
Page 2
For the Staff’s convenience, the text of the Staff’s comment is set forth below in bold, followed by the Company’s response. Terms not otherwise defined in this letter shall have the meanings set forth in the Second Amendment. All references to page numbers in these responses are to the pages of the Second Amendment.
Amendment No. 1 to Draft Registration Statement on Form 10-12B
Key Trends Affecting Our Results of Operations, page 73
1.Please enhance your disclosure to elaborate upon the actions taken or planned to mitigate inflationary pressures in response to price increases you experienced in fiscal year 2022 and the six months ended March 31, 2023. Describe how much of any increase in costs you have been able to pass along to customers, which resulted in increased revenues. Explain whether you believe you will be able to continue pass along such costs and why. If you believe the risk of inflationary pressures has been or will be material to your results of operations, provide related risk factor disclosure.
Response: In response to the Staff’s comment, the Company has revised the disclosure on pages 20, 73 and 74 of the Amendment. The Company respectfully advises the Staff that the disclosure of how much of any increases in costs due to inflationary pressures has been passed along to customers would constitute a release of confidential commercial information that would result in substantial competitive harm to the Company. The Company does not publicly disclose this information in any written or verbal forums, nor is it required to do so. The Company respectfully submits to the Staff that it operates in the highly competitive uniform rentals and workplace supplies industries and competes on a combination of factors, including the prices it charges for its good and services. Some of the Company’s competitors may try to increase market share by advertising the Company’s increases in costs to customers due to inflation. Further, disclosing how much of any increases in costs due to inflationary pressures has been passed along to customers would provide the Company’s competitors with sensitive strategic information about the Company’s pricing strategies. This information could aid the Company’s competitors in making decisions about their pricing strategies.
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If you have any questions, please do not hesitate to contact the undersigned at (212) 403-1107 or AZPreiss@wlrk.com or my colleague David A. Katz at (212) 403-1309 or DAKatz@wlrk.com.
| Very truly yours, | ||
| /s/ Alison Z. Preiss | ||
| Alison Z. Preiss | ||
U.S. Securities and Exchange Commission
July 7, 2023
Page 3
| cc: | Harold Dichter, Aramark | |||||||
| Tim Donovan, Aramark | ||||||||
| Kim Scott, Aramark | ||||||||
| David A. Katz, Wachtell, Lipton, Rosen & Katz | ||||||||