US private equity firm Kohlberg & Company has agreed to purchase sports arena and convention center caterer Centerplate for between $185 million (€128 million) and $205 million.
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If approved by more than 50 percent of shareholders, Kohlberg will pay roughly $58 million to owners of Centerplate income deposit securities, an unconventional security which marries public equity shares with debt notes.
Kohlberg & Company takes sports caterer private
Middle market specialist Kohlberg & Company has agreed to pay between $185m and $205m million in equity and assumed debt for Connecticut-based Centerplate.
