Final Holdings News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Warehouse-style grocer to operate as separate unit of Grupo Comercial Chedraui The private-equity parent of Smart & Final plans to sell the warehouse-style grocery chain to Bodega Latina Corp., a subsidiary of Mexican retailer Grupo Comercial Chedraui. Under the agreement, announced Thursday evening, Bodega Latina would acquire Smart & Final Holdings from funds managed by affiliates of New York-based parent Apollo Global Management in a deal valued at about $620 million, including the assumption of debt. Apollo had acquired Smart & Final in a $1.12 billion leveraged buyout in June 2019....

MEXICO CITY & COMMERCE, Calif.–Grupo Comercial Chedraui, S.A.B. de C.V. announced today that its subsidiary, Bodega Latina Corporation, has entered into a definitive agreement to acquire Smart & Final Holdings, Inc. BB #:154073 from funds managed by affiliates of Apollo Global Management, Inc. for approximately U.S.$620 million, including the assumption of certain indebtedness. Smart & Final, the smaller, faster grocery warehouse store for household and business customers, provides one-stop shopping with an assortment of both club and traditionally sized groceries, fresh foods and supplies ...

More from AP