Cencosud Acquires 67% Stake in The Fresh Market from Apollo Funds
May 11, 2022
Cencosud agreed to acquire a 67% majority stake in The Fresh Market Holdings, Inc. for a $1.568 billion enterprise valuation, investing $676 million in a mix of primary and secondary equity. The deal provides Cencosud with entry into the U.S. market while existing shareholders (including funds managed by Apollo, the Berry family and management) retain a minority interest and The Fresh Market’s management will continue to operate the business.
- Buyers
- Cencosud
- Targets
- The Fresh Market Holdings, Inc.
- Sellers
- Funds managed by Apollo Global Management
- Industry
- Retail
- Location
- North Carolina, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Apollo Funds Acquire Tony's Fresh Market
April 20, 2022
Retail
Funds managed by Apollo Global Management have acquired Tony's Fresh Market, a Chicago-area specialty grocery chain operating 18 stores. The founding family will remain involved as managers and minority shareholders while Apollo plans to support growth through go-to-market execution, customer loyalty programs and e-commerce expansion.
-
Cencosud Acquires The Fresh Market and GIGA Atacado
November 10, 2022
Retail
Cencosud completed acquisitions of U.S.-based The Fresh Market and Brazil-based GIGA Atacado, which were integrated into the group's results in 3Q22 and materially contributed to revenue and Adjusted EBITDA growth. The deals expand Cencosud's supermarket footprint across the United States and Brazil and support the group's inorganic growth and market share strategy.
-
Apollo Funds to Acquire Cardenas Markets from KKR and Combine with Tony's Fresh Market
June 13, 2022
Retail
Funds managed by Apollo (Apollo Funds) agreed to acquire Cardenas Markets from investment funds affiliated with KKR and will combine Cardenas with Apollo portfolio company Tony's Fresh Market to create a leading Hispanic- and ethnic-focused grocer. The combined business will operate across California, Nevada, Arizona and the Midwest with nearly 80 stores and approximately $1.8 billion in combined revenues; financial terms were not disclosed.
-
GrubMarket Acquires Delta Fresh Produce
April 7, 2025
Food & Beverage
GrubMarket has completed the acquisition of Delta Fresh Produce, a Nogales, Arizona-based distributor and grower of Mexican-sourced fresh produce. The deal expands GrubMarket's supply, packing and distribution capabilities across North America and will integrate Delta Fresh with GrubMarket's AI-powered software and digital commerce solutions.
-
GrubMarket Acquires Best Fresh Produce, Inc.
October 22, 2020
Food & Beverage
GrubMarket has completed the acquisition of Best Fresh Produce, Inc., a Los Angeles–based fresh fruit and vegetable supplier founded in 2007. The deal expands GrubMarket's presence in the Los Angeles market and gives Best Fresh Produce access to GrubMarket's WholesaleWare SaaS platform while remaining based in Los Angeles under its existing management team.
-
GrubMarket Acquires Fresh Tex Produce
September 15, 2020
Food & Beverage
GrubMarket has acquired Fresh Tex Produce, a Texas-based fresh fruit and vegetable supplier, to accelerate its national expansion and deepen its supplier network in Texas. Fresh Tex Produce will remain based in Alamo, Texas and continue to be managed by its current leadership while gaining access to GrubMarket's WholesaleWare SaaS and broader customer network.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.