After nearly seven years, Olympus Partners has sold K-Mac Holdings, which is the third largest Taco Bell franchisee in the U.S.
Stamford, Conn.-based Olympus Partners, a middle market PE firm, did not reveal financial terms or the buyer. Olympus did sell its majority stake in K-Mac, making an eight time return on its equity investment.
The transaction closed late yesterday, says Paul Rubin, an Olympus partner. He declined to disclose the buyer.