Olympus Partners Acquires Pizza Hut Franchisee

Stamford, Conn.-based Olympus Partners has acquired US restaurant and Pizza Hut franchisee NPC International. The company operates 1,153 Pizza Hut units (approximately 19 percent of the domestic system) in 28 states with significant presence in the Midwest, South and Southeast. The investment in NPC is Olympus’ eighth investment out of its $1.5 billion fifth fund. […]

Olympus Makes Eason and Horgan Partners

Evan Eason and Michael Horgan were each promoted partner at Olympus Partners. Eason joined the Stamford, Conn.-based PE firm in 2006 as a VP and became a principal in 2010. He has worked on transactions in the healthcare, restaurant and the financial services industries. Horgan joined Olympus in 2008 as a VP and became a principal in 2010. Horgan focuses on manufacturing, steel services and financial services. The promotions are effective at the beginning of 2012.

Rob Morris: Is the Full Monti Enough?

Is the Full Monti sufficient to avoid the next shoe falling in Europe or only to avoid the EEU giving Italy the boot? To his credit, Italy’s Mario Monti has formed a government that does not include any professional politicians, yet the huge per capita debt heaped on Italy coupled with a culture of tax […]

Carlyle Buys Churchill in Latest Move to Grow Its CLO Business, Prep for IPO: Corrected

Continuing to diversify its revenue streams as it prepares for a public stock offering, The Carlyle Group has acquired leveraged lender Churchill Financial Group LLC from its current backer, buyout firm Olympus Partners, according to sister publication Buyouts. The deal means that 13 Churchill investment professionals will be doing their loan underwriting for Carlyle going […]

Olympus Sells Homax Group Assets

Mid-market private equity firm Olympus Partners has sold the assets of the Black Flag(R) and TAT(R) brands from The Homax Group to Spectrum Brands Holdings, a global consumer products company with market-leading brands, announced today it has acquired . Financial terms of the all-cash transaction were not disclosed. PRESS RELEASE Spectrum Brands Holdings, Inc. SPB […]

Firms Look To Trade Aerosol Packager

Olympus Partners is close to investing in PLZ Aeroscience Corp. a St. Clair, Mo.-based holding company of subsidiaries that provide aerosol and liquid packaging products, according to a regulatory filing. Stamford, Conn.-based Olympus would be making the investment out of Olympus Growth Fund V LP, a $1.53 billion pool of capital it closed in 2007. […]

Olympus Partners Buys FFR-DSI from Cortec

Olympus Partners said Monday that it has bought FFR-DSI from Cortec Group. Financial terms weren’t announced. Twinsburg, Ohio-based FFR-DSI designs, markets and supplies merchandising, loss prevention and operational efficiency solutions primarily to retailers and consumer packaged goods companies. The Olympus team on the deal included Jim Conroy, David Haddad, Jason Miller and Sachin Bavishi. John Schoenfeld and Rob Kiburz of Kirkland & Ellis provided legal advice. Chris Williams, John Neuner, Brent Spiller and Chip Duggins of Harris Williams supplied financial advice to Cortec.

Is SEC Prepping for an ‘Emily Litella’ Moment?

The ghost of Emily Litella, as played by Gilda Radner on Saturday Night Live, has emerged to shape the conscience of the SEC. Emily was well-known for delivering aggressive news editorials on subjects where she had clearly “misheard” the topic in her editorial or committed some other malaprop. For example, she ranted “What is all […]

Churchill Financial Files To Form A BDC

With the collateralized loan obligation market still in disarray, Churchill Financial Group LLC has decided to organize a business development company. The New York leveraged lender plans to raise up to $150 million for the vehicle, which is to be called Churchill Financial BDC Inc., according to a regulatory filing. The new company, which will […]

PEGC, AFL-CIO, ArcLight Capital, Olympus Partners, Comment On Form PF

Executives from buyout firms ArcLight Capital Partners and Olympus Partners joined the Private Equity Growth Council and AFL-CIO in commenting on the SEC’s proposal that would require buyout fund managers registered as investment advisers to submit quarterly reports detailing their use of debt financing and other information. Not surprisingly, PE commentators largely argued that the […]

‘Like Writing the Ex-Girlfriend One Last Letter’

It all started with a letter. Rob Morris didn’t even expect a reply.

“I viewed it in my mind like writing the ex-girlfriend one last letter, and I would never hear from the person,” said Morris, the managing partner of Olympus Partners, a buyout shop in Stamford, Conn.

Morris had no connections to Spencer Bachus, the letter’s intended recipient and the chief candidate to become chairman of the House Financial Services Committee after the GOP took the House of Representatives last November. In fact, Morris had no experience dealing with Washington, D.C.

But Morris had been studying provisions of the Dodd-Frank financial reform law that would require private equity firms to register as investment advisers, and the registration provision struck him as a waste …

Deal Scoop: Olympus Sells K-Mac To Brentwood Associates

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.

This Anti-Registration Campaign Might Have Legs

It looks like the campaign against SEC registration is gaining momentum. The House Financial Services Committee will hold a hearing next Wednesday, March 16, to review draft legislation to exempt advisers to private equity funds from the Dodd-Frank Act, according to a House staff source, Buyouts is reporting. The bill would seek to restore the […]

SEC Compensation Rule Could Affect PE

The Securities and Exchange Commission proposed a rule on Wednesday that could require firms with $1 billion or more of assets to disclose how they pay professionals who help them make investment decisions. Though the SEC’s press release on the rule doesn’t mention private equity by name, it says the rule would apply to financial […]

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Registration To Cost PE Firms Close To $1B This Year–Commenter

The full cost of having to register as investment advisers has really started to sink in with buyout shops. Olympus Partners puts the figure for itself at $500,000 to $600,000 by late spring, not counting annual costs beyond (see other estimates below). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, buyout firms with […]

2011 The Year Of Buyout Shop Takeovers?

Could 2011 be the year big buyout shops start buying small firms? Paul Queally, co-president of Welsh Carson Anderson & Stowe, predicted at the Dow Jones Private Equity Analyst Outlook conference that this would be the year we would see at least one such deal, and his rationale is intriguing. For smaller firms, the cost […]

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