SBD/Closing Bell

Centerplate To Complete Management-Led Buyout Of Company

Centerplate officials this afternoon announced they will complete management-led buyout of the sports concessionaire in Q4 '12 in a partnership with investment firm Olympus Partners. The transaction is valued at $551M, confirmed Centerplate CMO Bob Pascal. Centerplate’s management team, including President & CEO Des Hague, remains intact. Private equity firm Kohlberg & Co. has owned the sports food and retail vendor since January '09. Centerplate and Olympus Partners are both based in Stamford, Conn.
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