Add-on Acquisition • Retail

Pan Pacific International Acquires Gelson s Markets

On February 23, 2021, Pan Pacific International acquired retailer Gelson s Markets from TPG

Acquisition Context
  • This is Pan Pacific International’s 1st transaction in the Retail sector.
  • This is Pan Pacific International’s 1st transaction in the United States.
  • This is Pan Pacific International’s 1st transaction in California.

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M&A Deal Summary

Date February 23, 2021
Target Gelson s Markets
Sector Retail
Buyer(s) Pan Pacific International
Sellers(s) TPG
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Ropes & Gray (Legal)

Target Company

Gelson s Markets

Encino, California, United States
Gelson’s currently operates 27 full-service specialty grocery stores in Southern California. Each Gelson’s Market features the full amenities of a traditional supermarket, with the local flavor of a neighborhood market. Gelson's Markets was founded in 2013 and is based in Encino, California.
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Buyer Overview 1

Buyer

Pan Pacific International

Tokyo, Japan

Category Company
Founded 1980
Sector Retail
Revenue 2.25T JPY (2025)
DESCRIPTION

Pan Pacific International is a global retailer with 638 international stores, 582 of them in Japan. Pan Pacific International was founded in 1980 and is headquartered in Tokyo, Japan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Seller #
Overall 229 of 278
Sector: Retail 13 of 13
Type: Add-on Acquisition 81 of 96
State: California 56 of 64
Country: United States 166 of 200
Year: 2021 3 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Anuvia Plant Nutrients

Winter Garden, Florida, United States

Anuvia Plant Nutrients is an industrial biotechnology company that converts waste biomass into high-value fertilizers. The company developed and uses a unique technology that not only optimizes nutrient availability and efficiency for plants, but also improves soil health, preserves natural resources, and reduces greenhouse gas emissions. Anuvia Plant Nutrients is based in Winter Garden, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 DIRECTV

El Segundo, California, United States

DIRECTV provides digital television entertainment services, offering advanced technology, diverse programming, and strong customer support to millions of customers across the U.S. and Latin America. DIRECTV was founded in 1977 and is based in El Segundo, California.

Buy -