Olympus Buys Waddington North America

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.

Leonard Green Inks Buy of Tank Holdings

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 […]

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 […]

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