M&A Deal Summary

Ghanim bin Saad al Saad & Sons Group Holdings Acquires Bethny

On August 11, 2016, family office Ghanim bin Saad al Saad & Sons Group Holdings acquired retailer Bethny from Kings Food Markets

Acquisition Highlights
  • This is Ghanim bin Saad al Saad & Sons Group Holdings’ 1st transaction in the Retail sector.
  • This is Ghanim bin Saad al Saad & Sons Group Holdings’ 2nd transaction in the United States.
  • This is Ghanim bin Saad al Saad & Sons Group Holdings’ 1st transaction in Maryland.

M&A Deal Summary

Date 2016-08-11
Target Bethny
Sector Retail
Buyer(s) Ghanim bin Saad al Saad & Sons Group Holdings
Sellers(s) Kings Food Markets
Deal Type Divestiture

Target

Bethny

Germantown, Maryland, United States
Balducci's Food Lover's Market is a gourmet specialty food shop with stores located in New York, Connecticut, Maryland, Virginia and On the Go Café locations in New York City and Baltimore, MD.; with an office in Rockville, MD. With a commitment to food, each item brings the very best in flavors. From hand-selected produce, a variety of meats roasted and smoked in Old World tradition, fish flown in fresh from the wharves, restaurant–quality prepared foods, imported cheeses, and Balducci's own brand offerings, Balducci's has all the indulgences one can imagine.

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Buyer(S) 1

DESCRIPTION

Ghanim bin Saad al Saad & Sons Group is a family-backed investment holding firm focused on acquisitions and investments throughout Europe, the Middle East, Africa, Asia. Areas of interest include aviation, marine, automotive, oil & gas, real estate, manufacturing, trading, financial services, engineering, education, fitness, hospitality, apparel, information technology, and communications. Ghanim bin Saad al Saad & Sons Group was formed in 1993 and is based in Doha.


DEAL STATS #
Overall 3 of 3
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Kings Food Markets

Parsippany, New Jersey, United States

Kings Food Markets is a gourmet food retailer with an established reputation for high quality products and servicesPartnered with industry veteran and fundless sponsor to acquire chain of 24 stores from a UK parent. An upscale grocery store serving customers throughout New Jersey, New York and Connecticut, Kings provides a unique shopping experience paired with the highest quality foods. From locally sourced, organically grown produce, to fresh fruit, delicious meats to hand-selected cheeses from over 20 countries.

Buy -

Seller(S) 1

SELLER

Kings Food Markets

Parsippany, New Jersey, United States

Category Company
Founded 1936
Sector Food
DESCRIPTION

Kings Food Markets is a gourmet food retailer with an established reputation for high quality products and servicesPartnered with industry veteran and fundless sponsor to acquire chain of 24 stores from a UK parent. An upscale grocery store serving customers throughout New Jersey, New York and Connecticut, Kings provides a unique shopping experience paired with the highest quality foods. From locally sourced, organically grown produce, to fresh fruit, delicious meats to hand-selected cheeses from over 20 countries.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-17 Bethny

Germantown, Maryland, United States

Balducci's Food Lover's Market is a gourmet specialty food shop with stores located in New York, Connecticut, Maryland, Virginia and On the Go Café locations in New York City and Baltimore, MD.; with an office in Rockville, MD. With a commitment to food, each item brings the very best in flavors. From hand-selected produce, a variety of meats roasted and smoked in Old World tradition, fish flown in fresh from the wharves, restaurant–quality prepared foods, imported cheeses, and Balducci's own brand offerings, Balducci's has all the indulgences one can imagine.

Buy -