Latest Debt Buyer: Olympus

"Following the lead of much larger private equity players, Olympus Partners, a Stamford, Conn., buyout shop, has scooped up a $275 million portfolio of senior secured leveraged loans at distressed prices.

The firm said Friday, April 25, that it teamed up with Gulf Stream Asset Management, a Charlotte alternative asset manager, to buy pieces of leveraged buyout loans at prices ranging from 85 cents to 95 cents on the dollar.

Kirkland & Ellis LLP's Scott Gordon was counsel to Olympus."

This article appeared in its entirety in the April 28, 2008 edition of The Deal.