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M&A Deal Summary

Blackstone Credit Acquires Fairway Group Holdings

On May 2, 2016, lender Blackstone Credit acquired retailer Fairway Group Holdings

Acquisition Highlights
  • This is Blackstone Credit’s 1st transaction in the Retail sector.
  • This is Blackstone Credit’s 4th transaction in the United States.
  • This is Blackstone Credit’s 1st transaction in New York.
Investment Fate
  • Fairway Group Holdings went bankrupt in 2020.

M&A Deal Summary
Date 2016-05-02
Target Fairway Group Holdings
Sector Retail
Buyer(s) Blackstone Credit
Deal Type Special Situations/Distressed

Target

Fairway Group Holdings

New York, New York, United States
Fairway Group Holdings Corp. is a specialty grocery concept that currently operates six full-service retail food stores in the New York metropolitan area. Fairway offers its customers an extensive mix of the freshest produce—both conventional and organic—prepared foods, and quality specialty grocery items, such as exotic cheeses, smoked fish and private label olive oils, along with conventional grocery items, all at reasonable prices and with high quality service.

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Buyer(S) 1

Buyer

Blackstone Credit

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
Size Mega
Type Sector Agnostic
DESCRIPTION

Blackstone Credit is the lending arm of alternative asset management firm The Blackstone Group. Blackstone Credit looks to provide a variety of capital needs, including loans, high yield and investment grade bonds, structured credit, mezzanine lending, and opportunistic financings. The Blackstone Group acquired lender GSO Capital Partners in 2008 which formed the foundation for Blackstone Credit. Blackstone Credit is based in New York, New York.

DEAL STATS #
Overall 7 of 14
Sector: Retail M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-22 Rijnmond Power Plant

Vondelingenplaat, Netherlands

Rijnmond Power Plant is a natural gas-fired combined cycle power generation facility. Rijnmond Power Plant is based in Vondelingenplaat, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 ALcontrol UK

Deeside, United Kingdom

ALcontrol UK Ltd. is a network of testing laboratories with a low-cost, high-margin approach. ALcontrol was founded in 1989 and is based in Deeside, United Kingdom.

Sell -
Mergr

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