Simpson Thacher Represents Hellman & Friedman in Its Acquisition of Grocery Outlet
09.18.14
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The Firm is representing Hellman & Friedman LLC in connection with its announced acquisition of Grocery Outlet from affiliates of Berkshire Partners LLC. The transaction is expected to close in the fourth quarter of 2014, subject to customary closing conditions.
Grocery Outlet offers branded grocery products at significant discounts through a unique sourcing model of purchasing discounted surplus inventory directly from over 3,000 supplier partners. Grocery Outlet was founded in 1946 by Jim Read and continues to be operated by the Read family, with third-generation family members MacGregor Read and Eric Lindberg currently leading the business as Co-Chief Executive Officers. Grocery Outlet has a network of more than 210 retail stores across six states, which are managed principally by local, independent operators.
The Simpson Thacher team includes Richard Capelouto, Atif Azher, Diana Snyder, Dena Acevedo and Jinna Kwak (M&A); Brian Steinhardt and Adam Weiner (Credit); David Rubinsky, Jamin Koslowe, David Mollo-Christensen and David Daniels (Executive Compensation and Employee Benefits); Jason Vollbracht and Noah Metz (Tax); Michael Isby (Environmental); Peter Thomas, Mark Stein, Jonathan Sanders, William Kearney, David Shogren, and David Caldwell (Regulatory); Beatrice Branch (Real Estate); and Joshua Walker and Linda Nyberg (Intellectual Property).