Onex wraps up $1.37 bln acquisition of grocery retailer Save-A-Lot
Canadian private equity firm Onex Corp has completed its acquisition of Save-A-Lot, one of the largest discount grocery retailers in the United States, from SuperValu Inc. The deal, announced in October, reflected a purchase price of US$1.365 billion in cash, subject to closing adjustments. Onex Partners IV made an equity investment of about US$660 million in the acquisition. Reuters reported earlier this year that Onex was in the lead among private equity firms bidding for the Save-A-Lot business.
6 December 2016•2 mins read
