Olympus Partners Swings $550M Deal For Concessionaire

Law360, New York (September 27, 2012, 3:18 PM EDT) -- Middle-market private equity firm Kohlberg & Co. will pass off high-end stadium concessionaire Centerplate Inc. to fellow investment group Olympus Partners, the company said Wednesday, in a sale valued at $550 million.

The secondary buyout is set to be finalized during the fourth quarter, Centerplate said. Neither the company nor the private equity firms outlined the financial terms of the sale, but an Olympus spokesperson pointed to a Moody's Investors Service report indicating the firm will fork over $188 million in equity and cover the remainder...
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