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Smart & Final acquired by Fiesta, El Super parent for $620MM – Produce Blue Book


MEXICO CITY & COMMERCE, Calif.–Grupo Comercial Chedraui, S.A.B. de C.V. announced today that its subsidiary, Bodega Latina Corporation, has entered into a definitive agreement to acquire Smart & Final Holdings, Inc. BB #:154073 from funds managed by affiliates of Apollo Global Management, Inc. for approximately U.S.$620 million, including the assumption of certain indebtedness.
Smart & Final, the smaller, faster grocery warehouse store for household and business customers, provides one-stop shopping with an assortment of both club and traditionally sized groceries, fresh foods and supplies without a paid membership and at great values. Celebrating its 150
th anniversary in 2021 and headquartered in Commerce, Calif., Smart & Final operates more than 250 stores under two banners: Smart & Final and Smart & Final Extra!, in California, Arizona and Nevada. There are an additional 16 stores in Northwestern Mexico operated through a joint venture. Smart & Final stores service ....

United States , New Mexico , Grupo Comercial Chedraui , Scotiabank Inverlat , Galicia Abogados , Grupo Financiero , Bufete Robles Miaja , Grupo Chedraui , Carlos Smith , Dave Hirz , Andrew Jhawar , Rick Phegley , Los Angeles , Grupo Financiero Scotiabank Inverlat , Scott Drew , David Hirz , Smart Final Holdings Inc , Mexican Stock Exchange , Sidley Austin , Capital Markets , Credit Suisse , Meagher Flom , Deutsche Bank , Apollo Global Management Inc , Lewis Bockius , Bodega Latina Corporation ,

Apollo Sells Smart & Final to Bodega Latina for $620M


Apollo Sells Smart & Final to Bodega Latina for $620M
May 14, 2021 at 11:41 AM EDT
By Nicole Silberstein
$620 million.
150th anniversary this year. The small-format warehouse chain operates more than
250 stores under two banners:
Smart & Final and
Smart & Final Extra!, in California, Arizona and Nevada. An additional
16 stores in Northwestern Mexico are operated through a joint venture. Smart & Final stores service both household and business customers, which represent approximately
70% and
59
Fiesta Mart stores across California, Arizona, Nevada, New Mexico and Texas. 
“Smart & Final, with a unique go-to-market and operating strategy, is an attractive fit that is aligned with our business strategy in the U.S., utilizing differentiated formats to focus on growing but underserved markets,” said Carlos Smith, President and CEO of Bodega Latina in a statement. “With a brand that resonates with consumers ....

United States , New Mexico , Grupo Comercial Chedraui , Carlos Smith , Bodega Latina , Apollo Global Management , Northwestern Mexico , Antonio Chedraui Egu , ஒன்றுபட்டது மாநிலங்களில் , புதியது மெக்ஸிகோ , கார்லோஸ் ஸ்மித் , போடேகா லத்தீன் , அப்பல்லோ உலகளாவிய மேலாண்மை , வடமேற்கு மெக்ஸிகோ ,