Sidley is representing Bodega Latina Corporation in its acquisition of Smart & Final Holdings, Inc. from funds managed by affiliates of Apollo Global Management, Inc. for approximately US$620 million. Bodega Latina is a subsidiary of Grupo Comercial Chedraui, S.A.B. de C.V.
Bodega Latina entered the grocery retail marketplace with its first store in South Gate, California in June 1997. In 2018, Sidley assisted Bodega Latina with its acquisition of Fiesta Mart, a Texas-based food retailer with an emphasis on the Hispanic segment.
Smart & Final is a value-oriented warehouse style food retailer that provides an assortment of both wholesale club and traditional-sized groceries, fresh foods, and supplies for households, businesses, and organizations without a paid membership. Headquartered in Commerce, California, Smart & Final operates 254 stores in California, Arizona, and Nevada under two banners: Smart & Final and Smart & Final Extra!
The Sidley M&A team was led by Katy Lukaszewski and Mark Metts, and the financing team was led by Kelly Dybala and Karen Goldstein. The Sidley team also included Alex Tanton, Blake Longoria, and Haley Cambra (M&A); Zack Pullin (Tax); Karen Kazmerzak (Antitrust); Ben Rosemergy, P.C. Wang, and Susan Delgado (Employee Benefits); Terri Reuter, Galit Knotz, and Abigail Hudson (Labor and Employment); Heather Palmer, Allen Braddock, and Amy Lally (Environmental); Lauren Grau and Summer Danzeisen (Technology and IP Transactions); Mark Prior and Ash Nagdev (Privacy and Cybersecurity); Scott Goldstein (Insurance); Swathi Shankar (Global Finance); and Marketa Lindt and Teodora Zlatkova (Immigration).