M&A Deal Summary

Apollo Global Management Acquires Tony’s Fresh Market

On April 20, 2022, asset manager Apollo Global Management acquired retailer Tony’s Fresh Market

Acquisition Highlights
  • This is Apollo Global Management’s 8th transaction in the Retail sector.
  • This is Apollo Global Management’s 88th transaction in the United States.
  • This is Apollo Global Management’s 7th transaction in Illinois.

M&A Deal Summary
Date 2022-04-20
Target Tony’s Fresh Market
Sector Retail
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stout Risius Ross LLC (Financial)
McDermott Will & Emery (Legal)

Target

Tony’s Fresh Market

Itasca, Illinois, United States
Tony’s Fresh Market is a unique specialty grocer that offers high-quality, affordable groceries with an inclusive assortment aimed at the diverse communities it serves. Tony’s Fresh Market was established in 1979 and is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor 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 122 of 140
Sector (Retail) 8 of 9
Type (Buyout (LBO, MBO, MBI)) 14 of 18
State (Illinois) 7 of 8
Country (United States) 88 of 101
Year (2022) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Carr & Duff

Huntingdon Valley, Pennsylvania, United States

Carr & Duff is a provider of specialty electrical construction services. Carr & Duff was founded in 1958 and is based in Huntingdon Valley, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 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.

Sell $2M
Mergr

Product

Company

Legal