Kohlberg to pay reduced price for US catering service Centerplate

The price of the merger, originally valued between $185m and $205m, was reduced to an undisclosed amount due to Kohlberg’s inability to secure financing.


The price tag on a merger between US private equity firm Kohlberg & Company and large venue catering service Centerplate has been slashed because of the Kohlberg’s inability to get financing for the deal.

“The weakness in the current credit markets resulted in Kohlberg being unable to obtain financing at the same levels or terms as originally contemplated in the merger agreement” on 18 September, Centerplate said in a statement.

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