Olympus Partners, Centerplate management agree to $551M buyout

Centerplate, Inc., a Stamford, Conn.-based company providing foodservice at more than 250 sports, entertainment and convention venues, has been acquired from majority owner Kohlberg and Co. in a buyout led by Centerplate’s management and private equity firm Olympus Partners.

The purchase was valued by Standard & Poor’s at an estimated $551 million, including a proposed $342 million senior secured credit facility and $115 mezzanine debt.

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