Apollo Funds to Acquire Cardenas Markets from KKR and Combine with Tony's Fresh Market

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 67% Stake in The Fresh Market from Apollo Funds

May 11, 2022

Retail

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.

Cardenas Markets Acquires Six Rio Ranch Market Stores in Southern California

June 9, 2022

Retail

Cardenas Markets is acquiring six Rio Ranch Market stores located in Chino, Banning, Fontana, Perris, Riverside, and San Bernardino, with the group of stores to be gradually integrated into Cardenas' operations. The transaction is expected to close by mid-July 2022; Rio Ranch Markets founded in 1983 will transition the stores while The Food Partners served as advisor to Rio Ranch Market.

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.

GrubMarket Acquires Leo's Apples Inc

December 8, 2020

Food & Beverage

GrubMarket has acquired Leo's Apples Inc, a New York City-based fresh fruit provider, to accelerate its national expansion and strengthen its presence in the Northeast. Leo's Apples will remain based in New York and under its current management while gaining access to GrubMarket's WholesaleWare SaaS platform and broader supplier/customer network.

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.