Olympus Partners Slides Into Centerplate MBO as Kohlberg Sells
September 28, 2012
Centerplate, the Spartanburg, SC-based hospitality and food services partner to sports stadiums, convention centers, and entertainment venues, has announced a management led buyout of the company from Kohlberg & Company. Olympus Partners will lead the buyout, which is slated to be completed in the fourth quarter this year. Centerplate's senior management will remain intact, and the company is expecting an infusion of resources to help it accelerate growth. Ropes & Gray advised Kohlberg on the transaction.