Simpson Thacher is representing The Fresh Market Holdings, Inc. (“The Fresh Market”) and its controlling shareholders, investment funds managed by an affiliate of Apollo Global Management, Inc., in connection with the sale of a 67% stake to Cencosud (BCS: CENCOSUD). The transaction values The Fresh Market at an enterprise value of $1.568 billion.
The Fresh Market is a premium specialty grocer offering a variety of high-quality fresh products and a curated in-store meal offering. Cencosud is a leading South American retailer with operations in Chile, Argentina, Brazil, Peru and Colombia.
The Simpson Thacher team included Gregory Klein, Michael Kaplan, Mark Myott, Kristin Rulison, Koh Tanimoto, John Meadows, Gabriel Chun, Lola Tang, Jamie Lee and Mathew Walls (M&A); Russell Light and Scott Grundei (Tax); Tristan Brown, Harry N. Hudesman and Brian Chung (ECEB); Jennifer Hobbs, Christopher Brown and Benjamin Persina (Banking & Credit); Ryan Bekkerus (Capital Markets); Peter Guryan and James Goldfeier (Antitrust); Jessica Cohen and Kate Mirino (Intellectual Property & Cybersecurity); Krista McManus and Stephanie Kantor (Real Estate); and Toby Chun and Timothy Mulvihill (Environmental).