M&A Deal Summary

Chedraui Acquires Smart & Final

On May 13, 2021, Chedraui acquired retailer Smart & Final from Apollo Global Management for 620M USD

Acquisition Highlights
  • This is Chedraui’s 1st transaction in the Retail sector.
  • This is Chedraui’s largest (disclosed) transaction.
  • This is Chedraui’s 1st transaction in the United States.
  • This is Chedraui’s 1st transaction in California.

M&A Deal Summary

Date 2021-05-13
Target Smart & Final
Sector Retail
Buyer(s) Chedraui
Sellers(s) Apollo Global Management
Deal Type Add-on Acquisition
Deal Value 620M USD

Target

Smart & Final

Commerce, California, United States
Smart & Final is an operator of the smaller stores, warehouse-style, no membership fee, multi-format retailer serving both households and smaller businesses with a strong value proposition. Smart & Final operates 257 stores under its Smart & Final banner, which offer quality products in a variety of sizes, saving customers time and money without a membership fee. Its larger format stores, Smart & Final Extra! stores, combine the warehouse store with traditional grocery offerings like farm-fresh produce and natural and organic options, to provide a one-stop-shop for all. Smart & Final was founded in 1871 and is based in Commerce, California.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Chedraui

Mexico City, Mexico

Category Company
Founded 1920
Sector Retail
Employees62,385
Revenue 188.5B MXN (2021)
DESCRIPTION

Chedraui is a publicly owned company that operates hypermarkets and supermarkets in Mexico and the United States. Chedraui with 306 branches in Mexico, of which 198 are Tienda Chedraui, 60 Super Chedraui, 15 Super Che, and 33 Supercitos; within them, there are 19 Chedraui Stores and 4 Super Chedraui in a select format. Chedraui was founded in 1920 and is based in Mexico City, Mexico.


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
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 53 of 67
Sector (Retail) 6 of 7
Type (Add-on Acquisition) 16 of 21
State (California) 5 of 8
Country (United States) 41 of 51
Year (2021) 5 of 8
Size (of disclosed) 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Yahoo!

Sunnyvale, California, United States

Yahoo! is a provider of internet search tools, content, and communication services. The Company was formed in 1994 and is based in Sunnyvale, California.

Buy $5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Redbox

Oakbrook Terrace, Illinois, United States

Redbox is an entertainment company that gives consumers access to a large variety of content across digital and physical media. The company operates a rapidly growing digital streaming service that provides both ad-supported (AVOD) and paid movies from Hollywood studios and hundreds of content partners, as well as over 130 channels of free ad-supported streaming television (FAST). Redbox is based in Oakbrook Terrace, Illinois.

Sell -