A Toque 'n Exit: Sodexo Agrees to Purchase Centerplate for $675 million

STAMFORD, Conn., Nov. 15, 2017 /PRNewswire/ -- Stamford, Connecticut-based private equity firm Olympus Partners announced today that Sodexo has signed an agreement to acquire Centerplate, a portfolio company of Olympus Growth Fund V, L.P.  

Centerplate is a global leader in live event hospitality, "Making It Better To Be There®" for more than 116 million guests each year at prominent entertainment, sports and convention venues across North America, Europe and the United Kingdom. Centerplate has provided event hospitality services to 36 official U.S. Presidential Inaugural Balls, 14 Super Bowls and 22 World Series.

About Olympus Partners

Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including business services, restaurants, consumer products, healthcare services, financial services, and packaging.  Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.

The Olympus team included Dave Cardenas, David Haddad, Chase Ormond, and Ozan Cubukcu. Olympus was represented by Benjamin Clinger and Matthew Goulding from Kirkland & Ellis LLP.

SOURCE Olympus Partners