The Fresh Market’s $1.36 Billion Acquisition by Apollo

On March 14, 2016, The Fresh Market, Inc., a growing specialty grocery retailer, and affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) announced that they have entered into a definitive agreement whereby certain funds managed by Apollo, a leading global alternative investment manager, will acquire The Fresh Market for $28.50 per share in cash, or approximately $1.36 billion. Cravath is representing The Fresh Market in connection with this transaction.

The Cravath team includes associates Sean M. Gholz and Caitlin M. Hyduke on M&A matters; partner Craig F. Arcella and associate David P. Willard on financing matters; partner Eric W. Hilfers and practice area attorney David B. Teigman and associate Peretz Riesenberg on executive compensation and benefits matters; and partner J. Leonard Teti II and associate Kiran Sheffrin on tax matters. Ashley May also worked on tax matters.