M&A Deal Summary

Sodexo Acquires Centerplate

On November 15, 2017, Sodexo acquired business services company Centerplate from Olympus Partners for 675M USD

Acquisition Highlights
  • This is Sodexo’s 4th transaction in the Business Services sector.
  • This is Sodexo’s largest (disclosed) transaction.
  • This is Sodexo’s 6th transaction in the United States.
  • This is Sodexo’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2017-11-15
Target Centerplate
Sector Business Services
Buyer(s) Sodexo
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition
Deal Value 675M USD

Target

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(S) 1

Buyer

Sodexo

Issy-les-Moulineaux, France
Category Company
Founded 1966
Sector Internet Software and Services
Employees315,147
Revenue 22.6B EUR (2023)
DESCRIPTION

Sodexo engages in the design, management, and delivery of service solutions through on-site service solutions and motivation solutions. Sodexo was founded in 1966 and is based in Issy-les-Moulineaux, France.

DEAL STATS #
Overall 11 of 21
Sector (Business Services) 4 of 8
Type (Add-on Acquisition) 10 of 19
State (Connecticut) 1 of 1
Country (United States) 6 of 10
Year (2017) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 VBX Solutions

Rockville, Maryland, United States

VBX Solutions is a packaging solutions provider that offers a variety of packaging solutions to build optimal brand experiences with a combination of creative, design, account management, production, and program management. VBX Solutions was founded in 2008 and is based in Rockville, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 FoodCheri

Montreuil, France

FoodCheri is an online restaurant and food delivery company. FoodCheri was established in 2015 and is based in Montreuil, France.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 37 of 50
Sector (Business Services) 7 of 10
Type (Add-on Acquisition) 19 of 24
State (Connecticut) 2 of 2
Country (United States) 34 of 47
Year (2017) 3 of 4
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-12 Vaco

Brentwood, Tennessee, United States

Vaco is a consulting and placement firm that provides finance and IT professionals on both a project and permanent basis. Vaco was founded in 2002 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 Phoenix Services

Radnor, Pennsylvania, United States

Phoenix Services is a global provider of value-added industrial services to steel mills serving world class customers such as ArcelorMittal, Nucor Steel, and US Steel, among others. The Company has a global workforce of approximately 2,100 employees and operates in 34 locations on four continents. Phoenix Services was founded in 2006 and is based in Radnor, Pennsylvania.

Sell -
Mergr

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