Grocery Outlet Sees Private-Equity Interest in Potential Billion Dollar Sale
BERKELEY, CA - Grocery Outlet has attracted several private-equity suitors in potential billion-dollar sale, according to sources close to the Wall Street Journal.
WSJ reports that Bain Capital, Hellman & Friedman LLC and Roark Capital Group are all showing interest in the discount supermarket chain as it enters its second round of bidding in a sale process. Reportedly, suitors with first-round bids less than $1.1 billion were not brought back to the second round.
People familiar to the matter say that no corporate bidders currently involved in the process, and Grocery Outlet could sell for as much as $1.2 billion.
We previously reported that Grocery Outlet might be eyeing a sale. For that information, check out our previous article by clicking here.
Grocery Outlet offers a full line of grocery items, including fresh produce, frozen, deli and refrigerated, fresh meat, general merchandise, health and beauty, and beer and wine. There are currently more than 200 independently operated Grocery Outlet stores in Arizona, California, Idaho, Nevada, Oregon, Pennsylvania, and Washington.
Stay tuned to AndNowUKnow as we keep an eye out for any potential buyers.
