Bodega Latina (Grupo Comercial Chedraui) Acquires Smart & Final
May 13, 2021
Bodega Latina Corporation, a U.S. subsidiary of Grupo Comercial Chedraui, has entered into a definitive agreement to acquire Smart & Final Holdings, Inc. from funds managed by affiliates of Apollo Global Management for approximately $620 million, including assumed indebtedness. Smart & Final — a Commerce, California–based grocery warehouse chain operating ~254 stores and employing over 11,000 people — will operate as a separate unit within GCC and the deal expands GCC/BLC's U.S. footprint.
- Buyers
- Bodega Latina Corporation, Grupo Comercial Chedraui, S.A.B. de C.V.
- Targets
- Smart & Final Holdings, Inc.
- Sellers
- Funds managed by affiliates of Apollo Global Management, Inc.
- Industry
- Retail
- Location
- California, United States
- Transaction Type
- Buyout
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