Grupo Comercial Chedraui to acquire Smart & Final from Apollo Global Management from $620m.

Grupo Comercial Chedraui, a Mexican grocery store and department store chain operator, agreed to acquire Smart & Final, a chain of warehouse-style food and supply stores, from Apollo Global Management, a private equity firm, from $620m. "Under the ownership of Grupo Comercial Chedraui and Bodega Latina, Smart & Final will benefit from their guidance given their recognized and established position in the food retail space while contributing our own best practices and experience. Together we will further accelerate our collective growth. We are excited about the future as we embark on a new chapter in our history with a partner that is aligned and understands our strengths, culture and customer-centric philosophy. We would like to thank Apollo for its partnership and support in helping us grow our business to where we are today," David Hirz, Smart & Final CEO.