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    Home»Mergers & Acquisitions»Private equity giant Apollo acquires Tony’s Fresh Market
    Mergers & Acquisitions

    Private equity giant Apollo acquires Tony’s Fresh Market

    April 27, 2022Updated:April 27, 20221 Min Read
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    UKRAINE - 2021/07/15: In this photo illustration an Apollo Global Management logo is seen on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
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    Tony’s Fresh Market, the family-owned Chicago area grocery chain that arrived in North Riverside in 2008 before decamping to the Cermak Plaza in Berwyn a decade later, has been acquired by Apollo Global Management, a New York-based private equity fund.

    This is not Apollo’s first foray into grocery sector investments. In 2011, the firm invested $200 million in a San Diego-based chain called Sprouts and consolidated it with another San Diego chain called Henry’s Farmers Market, which was a subsidiary of another Apollo purchase, Smart & Final.

    Apollo acquired another chain, The Fresh Market, in 2016 for $1.36 billion and took the public company, described in a Reuters article as a “moribund U.S. specialty grocery retailer,” private.

    Read more: RBlandMark

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    deals and transactions Mergers and acquisitions PE Insider Private Equity
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