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M&A Deal Summary

Apollo Global Management Acquires Fresh Market

On March 14, 2016, asset manager Apollo Global Management acquired retailer Fresh Market for 1.4B USD

Acquisition Highlights
  • This is Apollo Global Management’s 5th transaction in the Retail sector.
  • This is Apollo Global Management’s 29th largest (disclosed) transaction.
  • This is Apollo Global Management’s 41st transaction in the United States.
  • This is Apollo Global Management’s 2nd transaction in North Carolina.
Investment Fate
  • Fresh Market was sold to a publicly-traded strategic buyer in 2022 for 2M USD.

M&A Deal Summary
Date 2016-03-14
Target Fresh Market
Sector Retail
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 1.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Cravath, Swaine & Moore
Richards, Layton & Finger (Legal)

Target

Fresh Market

Greensboro, North Carolina, United States
Fresh Market is a grocery retailer focused on providing high-quality products in a unique and inviting atmosphere with a high level of customer service. Fresh Market was founded in 1982 and is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor

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 59 of 143
Sector: Retail M&A 5 of 9
Type: Going Private M&A Deals 14 of 31
State: North Carolina M&A 2 of 6
Country: United States M&A 41 of 102
Year: 2016 M&A 4 of 12
Size (of disclosed) 29 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Pegasus Optimization Managers

College Station, Texas, United States

Pegasus Optimization Managers LLC is a natural gas contract compression and solutions provider. Its focus areas include the Marcellus/Utica, Eagle Ford, Permian, and Niobrara shale plays. Pegasus provides turnkey contract compression services, third-party equipment operations, construction project management, and other natural gas services. Pegasus Optimization Managers is based in College Station, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 RegionalCare Hospital Partners

Brentwood, Tennessee, United States

RegionalCare Hospital Partners is an owner and operator of regional acute care facilities. RegionalCare Hospital Partners is based in Brentwood, Tennessee.

Sell -
Mergr

Product

Company

Legal