M&A Deal Summary

Pan Pacific International Holdings Acquires Gelson s Markets

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

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

M&A Deal Summary

Date 2021-02-23
Target Gelson s Markets
Sector Retail
Buyer(s) Pan Pacific International Holdings
Sellers(s) TPG
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Ropes & Gray (Legal)

Target

Gelson s Markets

Encino, California, United States
website
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(S) 1

Buyer

Pan Pacific International Holdings

Tokyo, Japan

website


Category Company
Founded 1980
Sector Retail
Employees16,912
Revenue 1,831.3B JPY (2022)
DESCRIPTION

Pan Pacific International Holdings is a global retailer with 638 international stores, 582 of them in Japan. Started over 40 years ago by their innovative founder Takao Yasuda, and particularly known for their famous Don Quijote stores in Japan. Pan Pacific International Holdings Corporation was founded in 1980 and is headquartered in Tokyo, Japan.


DEAL STATS #
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(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 STATS #
Overall 223 of 245
Sector (Retail) 13 of 13
Type (Add-on Acquisition) 80 of 89
State (California) 56 of 60
Country (United States) 163 of 182
Year (2021) 2 of 14
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.

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

El Segundo, California, United States

DIRECTV is a provider of digital television entertainment services delivering a premium video experience through state-of-the-art technology, programming, and industry-leading customer service to more than millions of customers in the U.S. and Latin America. DIRECTV was founded in 1977 and is based in El Segundo, California.

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