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ALDI and Fresco Retail Group to acquire the supermarket assets of Southeastern Grocers.

Announced

Transaction Tags

  • Cross Border
  • Pending
  • United States
  • Majority
  • Friendly
  • Single Bidder
  • Diversified Retailers
  • supermarkets
  • Acquisition
  • Private
  • Domestic

Synopsis

Supermarket chain operators ALDI and Fresco Retail Group, agreed to acquire the supermarket assets of Southeastern Grocers, a supermarket portfolio. The supermarket assets include Fresco y Más, Winn-Dixie and Harveys Supermarket. Financial terms were not disclosed. “Our successful transformational journey has created a unique opportunity with leading partners who share our vision and common commitments to creating value for their customers. We believe these next steps will fuel a phenomenal experience for our customers, new opportunities for our associates and increased value for our shareholders. As the sales processes proceed, we’ll stay acutely focused upon delivering the exceptional quality, service and value that our customers and communities have come to expect from us," Anthony Hucker, Southeastern Grocers President and CEO.

Sources

Press Release

Southeastern Grocers

Press Release

ALDI

Transaction Value

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Consideration Type

Cash

Capital Owned

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Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Service Providers (8)Dealmakers
Rbc Capital Markets

financial advisors

Rbc Capital Markets

Willkie Farr & Gallagher

legal advisors

Willkie Farr & Gallagher

Kirkland & Ellis

legal advisors

Kirkland & Ellis

Deutsche Bank

financial advisors

Deutsche Bank

Kayne Law Group

legal advisors

Kayne Law Group

Baker Mckenzie

legal advisors

Baker Mckenzie

Zeno Group

pr advisors

Zeno Group

Rothschild & Co

financial advisors

Rothschild & Co

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