M&A Deal Summary

The Yucaipa Companies Acquires Fresh & Easy

On September 10, 2013, private equity firm The Yucaipa Companies acquired food company Fresh & Easy from Tesco

Acquisition Highlights
  • This is The Yucaipa Companies’ 1st transaction in the Food sector.
  • This is The Yucaipa Companies’ 2nd transaction in the United States.
  • This is The Yucaipa Companies’ 1st transaction in California.

M&A Deal Summary

Date 2013-09-10
Target Fresh & Easy
Sector Food
Buyer(s) The Yucaipa Companies
Sellers(s) Tesco
Deal Type Divestiture

Target

Fresh & Easy

El Segundo, California, United States
Fresh & Easy is a manufacturer and distributor of high-quality, fresh products to every store, every day. This capability gives Fresh & Easy the ability to provide the highest level of freshness and convenience available. Fresh & Easy was founded in 2007 and is based in El Segundo, California.

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Buyer(S) 1

Buyer

The Yucaipa Companies

Los Angeles, California, United States

Investor


Category Private Equity Firm
Founded 1986
Size Large
Type Sector Agnostic
DESCRIPTION

The Yucaipa Companies is a private investment firm that serves as the investment vehicle of Ron Burkle. The Firm looks to work with management teams in repositioning companies and implementing operational improvements. The Yucaipa Companies was formed in 1986 and is located in Los Angeles, California.


DEAL STATS #
Overall 2 of 2
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-15 eVerifile.com

Atlanta, Georgia, United States

eVerifile specializes in understanding the unique security needs of companies in various industries. Offering services such as workforce safety and security assessments, compliance education, and credentialing, eVerifile helps companies improve their safety and security while meeting compliance requirements.

Buy -

Seller(S) 1

SELLER

Tesco

Welwyn Garden City, United Kingdom

Category Company
Founded 1919
Sector Retail
Employees340,000
Revenue 69.9B GBP (2025)
DESCRIPTION

Tesco is a multinational grocery and general merchandise retailer. Tesco was founded in 1919 and is based in Welwyn Garden City, England.


DEAL STATS #
Overall 2 of 8
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 6
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-13 Giraffe Concepts

London, United Kingdom

Giraffe is a family-friendly restaurant that offers a wide range of fresh, seasonal, quality food, comfortable interiors and friendly staff. Its menu covers a range of global dishes and appetising options for breakfast, lunch and dinner.

Buy £49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-07 Homeplus

Seoul, South Korea

Homeplus is a multichannel retailer that operates online and through 1,075 outlets, of which 140 are hypermarkets, 609 are supermarkets and 326 are convenience stores. Homeplus also operates 139 shopping malls adjacent to its hypermarkets, with over 6,500 tenant leases. Homeplus was founded in 1999 and is based in Seoul, South Korea.

Sell £4.2B