Centerplate Deal May Be Off

The acquisition of Centerplate, Inc., by investment firm Kohlberg & Co. has hit a snag after National City Bank indicated it wants to renegotiate the financing it had previously agreed to. National City, which recently agreed to by acquired by PNC Bank, had committed to providing $175 million in financing for the deal, announced in September.

Centerplate provides concessions, catering and merchandise services in more than 130 sports facilities, convention centers and other entertainment venues throughout the United States and Canada.