M&A Deal Summary

Apollo Global Management Acquires Casino Guichard-Perrachon - 32 Store Properties

On April 22, 2019, asset manager Apollo Global Management acquired real estate company Casino Guichard-Perrachon - 32 Store Properties from Casino Guichard-Perrachon for 470M EUR

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Real Estate sector.
  • This is Apollo Global Management’s 42nd largest (disclosed) transaction.
  • This is Apollo Global Management’s 3rd transaction in France.

M&A Deal Summary
Date 2019-04-22
Target Casino Guichard-Perrachon - 32 Store Properties
Sector Real Estate
Buyer(s) Apollo Global Management
Sellers(s) Casino Guichard-Perrachon
Deal Type Divestiture
Deal Value 470M EUR

Target

Casino Guichard-Perrachon - 32 Store Properties

Saint-Étienne, France
Casino Guichard-Perrachon's 32 Store Properties comprises 12 Géant Casino hypermarkets and 20 Monoprix and Casino supermarkets properties. Located primarily outside Paris, these 32 properties represent €26.6 million in annual rent, including €14.2 million from hypermarket assets and €12.4 million from Monoprix and supermarket assets and offer an estimated yield of 5.3% including transfer costs. Casino Guichard-Perrachon's 32 Store Properties is based in Saint-Étienne, France.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 87 of 134
Sector (Real Estate) 2 of 3
Type (Divestiture) 17 of 25
Country (France) 3 of 5
Year (2019) 5 of 11
Size (of disclosed) 42 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Smart & Final

Commerce, California, United States

Smart & Final is an operator of the smaller stores, warehouse-style, no membership fee, multi-format retailer serving both households and smaller businesses with a strong value proposition. Smart & Final operates 257 stores under its Smart & Final banner, which offer quality products in a variety of sizes, saving customers time and money without a membership fee. Its larger format stores, Smart & Final Extra! stores, combine the warehouse store with traditional grocery offerings like farm-fresh produce and natural and organic options, to provide a one-stop-shop for all. Smart & Final was founded in 1871 and is based in Commerce, California.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Care Fertility

Nottingham, United Kingdom

Care Fertility is a fertility services provider. The company operates nine CARE branded clinics and 13 satellite facilities providing extensive coverage across the UK and the Republic of Ireland. CARE Fertility was founded in 1997 and is based in Nottingham. United Kingdom.

Buy -

Seller(S) 1

SELLER

Casino Guichard-Perrachon

Saint-Etienne, France

website

Category Company
Founded 1898
Sector Retail
Employees202,955
Revenue 34.0B EUR (2022)
DESCRIPTION

Casino Guichard-Perrachon Company operates Geant hypermarkets and Neighbourhood outlets that include Casino supermarkets, Monoprix, Petit Casino convenience stores, Eco Service. Casino, Guichard-Perrachon was founded in 1898 and is based in Saint-Etienne, France.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Coopérateurs de - 63 stores

France

Coopérateurs de - 63 stores engages in grocery retail.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Floa Bank

Bordeaux, France

Floa Bank provides web and mobile payment solutions to make consumers’ lives easier through payment facilities, instant loans, and bank cards. the company is also partner to large e-tailers (Cdiscount, Oscaro, SFR, Vide dressing, etc.), key players in tourism (Selectour, Misterfly, Cdiscount Voyages, Pierre et Vacances, etc.), and fintechs (Lydia, Bankin’), for which it creates bespoke services. Its two retail banking brands are FLOA Bank for its B2C customers and FLOA Pay for its B2B partners. Floa Bank was formed in 2001 and is based in Bordeaux, France.

Sell €258M
Mergr

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Company

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