Ahold Delhaize brand Shop & Shop has entered an agreement to acquire King Kullen Grocery Co.
The deal includes the acquisition of 32 supermarkets of King Kullen, corporate offices in Bethpage, New York, and five Wild by Nature stores. It is scheduled for completion by the first quarter of 2019.
Ahold Delhaize is a Dutch retail company that operates e-commerce platforms and supermarkets. King Kullen Grocery is a supermarket chain based in the US.
Temasek Holdings Private Limited intends to sell a nominal portion of its 24.9% stake in the A.S. Watson Group.
Temasek Holding Private Limited is an investment company based in Singapore.
A.S Watson Group is a beauty and health products and services retailer based in Hong Kong.
SpartanNash has completed the acquisition of Martin’s Super Markets for an undisclosed sum.
The deal was announced in November 2018 and includes eight fuel centres, 21 Martin’s supermarkets, 17 in-store pharmacies, a Martin’s Express convenience store located in South Bend and a pharmacy in Mishawaka.
Warner Norcross & Judd was the legal advisor and The Food Partners was the financial advisor to SpartanNash for the agreement.
Simpson Thacher & Bartlett acted as the legal advisor and PJ Solomon acted as the financial advisor to Martin’s.
SpartanNash is a grocery store and food distribution retailer, while Martin’s is a chain of grocery stores and pharmacies.
Both companies involved in the transaction are based in the US.
Callaway Golf has completed the previously announced acquisition of Jack Wolfskin for $476m.
The acquisition strengthens Callaway’s presence in the active lifestyle sector.
Callaway previously acquired two lifestyle brands of TravisMathew and Ogio in 2017.
Jack Wolfskin will continue to function from its headquarters in Germany.
The deal was funded by a $480m a seven-year Term Loan B facility, which was led by JP Morgan Securities and BofA Merrill Lynch.
JP Morgan Securities acted as the exclusive financial advisor, while Latham & Watkins acted as the legal counsel to Callaway.
Houlihan Lokey acted as the exclusive financial advisor, while Kirkland & Ellis International acted as the legal counsel to Outdoor Holdings, which is the holding company of Jack.
Jack Wolfskin is a German retailer of outdoor footwear, while Callaway Golf is a sports goods and merchandise company based in the US.