M&A Deal Summary

Stephen L. LaFrance Pharmacy Acquires Super D Drugs

On October 1, 1997, Stephen L. LaFrance Pharmacy acquired retailer Super D Drugs from Vestar Capital Partners

Acquisition Highlights
  • This is Stephen L. LaFrance Pharmacy’s 1st transaction in the Retail sector.
  • This is Stephen L. LaFrance Pharmacy’s 1st transaction in the United States.
  • This is Stephen L. LaFrance Pharmacy’s 1st transaction in Mississippi.

M&A Deal Summary

Date 1997-10-01
Target Super D Drugs
Sector Retail
Buyer(s) Stephen L. LaFrance Pharmacy
Sellers(s) Vestar Capital Partners
Deal Type Add-on Acquisition

Target

Super D Drugs

Jackson, Mississippi, United States
Super D Drugs, Inc., is a regional discount drugstore with operations in the mid-south. The company operates under the Super D, Ike's and Super D Express names.

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Buyer(S) 1

Buyer

Stephen L. LaFrance Pharmacy

Little Rock, Arizona, United States

Category Company
Founded 1968
Sector Food
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Mississippi M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1997 M&A 1 of 1

Seller(S) 1

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 8 of 67
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 29
State: Mississippi M&A 1 of 1
Country: United States M&A 8 of 54
Year: 1997 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Altium Packaging

Atlanta, Georgia, United States

Altium Packaging is a customer-centric packaging solutions provider and manufacturer. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segment. Altium Packaging was founded in 1999 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Insight Communications Co.

Belvidere, Illinois, United States

Insight Communications Company, Inc. is the ninth largest cable company in the United States, serving approximately 1.3 million basic video customers in the four contiguous Midwestern states of Illinois, Indiana, Kentucky and Ohio.

Buy -