Olympus Partners has hit a first close of more than $1.7 billion for its sixth fund and expects to hold a final close on $2.5 billion by the end of next month, a source tells peHUB.

Waddington North America, which is backed by Olympus Partners, is buying Par-Pak Ltd., according to a source and a report from Moody’s Investors Service.

Olympus Partners is near wrapping up fundraising for its sixth fund, expected to close at $2.5 billion.

Olympus Partners is expected to begin fundraising for its sixth fund this week, a source says. Stamford, Conn.-based Olympus will seek to raise $2.5 billion, the person says.

Olympus Partners, which plans to launch its next pool soon, has closed its buy of Waddington North America. Stamford, Conn.-based Olympus invested a little more than $100 million in Waddington, says Manu Bettegowda, a partner.

Olympus Partners has acquired Waddington North America. Financial terms were not announced. Waddington produces rigid plastic foodservice disposables for the catering, institutional, retail, restaurant and food processing sectors. The Olympus team included Manu Bettegowda, Mike Horgan, Pete Tedesco, Griffin Barstis and Taylor Rhyne.

Seven Mile Capital Partners is close to selling a portfolio company for the first time under its new banner, which could help it as it seeks to raise its first independent fund.

Olympus Partner announced the sale of Tank Holdings today to Leonard Green & Partners.

Olympus Partners has agreed to sell Tank Holdings Corp. to Leonard Green & Partners. The deal is expected to be completed in third quarter. Financial terms weren’t announced. Tank makes and designs proprietary rotationally-molded polyethylene and steel containers. Gary Matt, Richard Siegel, Hank Johnson and Nick Parks of Barclays advised Tank and Olympus. PRESS RELEASE [...]

The $1.1 bln buyout of P.F. Chang’s is the year’s biggest restaurant LBO so far