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
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