IFLR1000

Apollo Global Management $1.36 billion acquisition of The Fresh Market

14/3/2016
Public acquisition
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$ 1.36 billion

Completed

14/3/2016

Overview:

  • Apollo Global Management, a private equity firm, has acquired The Fresh Market, which operates 186 supermarkets. 
  • The transaction is valued at $1.36 billion.
  • The acquisition will be financed through both debt and equity.
  • JP Morgan Securities acted as financial adviser to The Fresh Market.
  • Barclays, RBC Capital Markets, Jefferies and Macquarie Capital acted as financial advisers to Apollo Global Management. 
  • Barclays, Royal Bank of Canada, Jefferies Finance and Macquarie acted as arrangers for the debt finance to fund the acquisition. 

Rani Mehta - Journalist 

 

 

Jurisdiction:

United States

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Industry sector:

Food and beverage

Firms:
Cravath Swaine & Moore

Party: The Fresh Market (Target)

Davis Polk & Wardwell

Party: Barclays (Arranger)

Party: Royal Bank of Canada (Arranger)

Party: Macquarie (Arranger)

Party: Jefferies Finance (Arranger)

Lawyers: Jason Kyrwood, Jinsoo H Kim, Monica Holland, Sartaj Gill

Morgan Lewis & Bockius

Party: Apollo Global Mangement (Acquirer)

Lawyers: R Alec Dawson, Robert Robison

Paul Weiss Rifkind Wharton & Garrison

Party: Apollo Global Mangement (Borrower)

Lawyers: Brian Janson, Mark Wlazlo

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