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Deal Detail

The Fresh Market, Inc. to Apollo Global Management, LLC

Grocery Retail/Mar 2016
EV / LTM EBITDA
7.1x
EV / LTM Sales
-
Enterprise Value
$1.4B
Primary Source
Morgan Stanley

Comparable Transactions

Grocery Retail transactions announced in the five years to March 2016. 10 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Nov 2015Roundy's, Inc.The Kroger Co., The Kroger Company$800M-6.9xStrategic
Jun 2015Delhaize GroupKoninklijke Ahold N.V--8.1xStrategic
Apr 2014Safeway Inc.Albertsons$9.0B-5.5xStrategic
Dec 2013Arden Group, Inc.TPG$394M-9.9xFinancial
Jul 2013Harris Teeter Supermarkets, Inc.The Kroger Co.$2.5B-7.4xStrategic
Jun 2013Canada Safeway LimitedSobeys Inc.--10.7xStrategic
Jan 2013Supervalu (five retail grocery banners)Cerberus Capital Management L.P.--4.0xFinancial
Oct 2012Smart & Final Holdings Corp.Ares Management, Ares Management LLC$975M-7.5xFinancial
Dec 2011Winn-Dixie Stores, Inc.Lone Star Funds--5.4xFinancial
Jun 2011BJ's Wholesale Club, Inc.CVC Capital Partners, Leonard Green & Partners LP, Leonard Green & Partners, L.P. and CVC Capital Partners, Leonard Green, CVC--6.8xFinancial
Mean-7.2x
Median-7.2x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionWBA FOMorgan Stanley2025$1.4B-7.1x--Open
-fairness opinionWBA FOMorgan Stanley2025$1.4B-7.1x--Open
-fairness opinionSPTN FOBofA2025$1.4B-7.1x--Open
-fairness opinionWBA FOCenterview2025$1.4B-7.1x--Open
-fairness opinionWFM FOEvercore2017--7.1x--Open