Going Private • Business Services

Kohlberg & Company Acquires Centerplate

On September 19, 2008, private equity firm Kohlberg & Company acquired business services company Centerplate

Acquisition Context
  • This is Kohlberg & Company’s 3rd transaction in the Business Services sector.
  • This is Kohlberg & Company’s 30th transaction in the United States.
  • This is Kohlberg & Company’s 2nd transaction in Connecticut.
Investment Fate
  • Centerplate was sold to a consortium of financial buyers in 2012 for 551M USD.
  • Centerplate was sold to a publicly-traded strategic buyer in 2017 for 675M USD.

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M&A Deal Summary

Date September 19, 2008
Target Centerplate
Sector Business Services
Buyer(s) Kohlberg & Company
Deal Type Going Private
Advisor(s) UBS Investment Bank (Financial)
Cahill Gordon & Reindel (Legal)

Target Company

Centerplate

Stamford, Connecticut, United States
Centerplate, Inc. is a provider of 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
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Buyer Overview 1

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


Deal Context for Buyer #
Overall 31 of 82
Sector: Business Services 3 of 11
Type: Going Private 3 of 3
State: Connecticut 2 of 4
Country: United States 30 of 81
Year: 2008 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 USIC

Indianapolis, Indiana, United States

USIC is a provider of regulatory-driven safety and utility inspection services to a national customer base across the infrastructure end-markets. USIC was founded in 1978 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-02 Pittsburgh Glass Works

Pittsburgh, Pennsylvania, United States

Pittsburgh Glass Works LLC is a designer, producer and distributor of automotive glass to high-volume Auto-OEM applications and glass replacement markets worldwide. PGW’s business comprises engineering development and application of sophisticated automotive glass technologies; glass manufacturing and assembly operations in North America, Europe and Asia wholesale and retail aftermarket distribution services; and retailer alliance partnerships in North America.

Buy -