Apollo Global Management’s $1.12 Billion Acquisition Of Smart & Final

Kirkland & Ellis advised Smart & Final Stores, Inc. (NYSE: SFS) on its definitive merger agreement with funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO).

Pursuant to the agreement, Apollo Funds will acquire all of the outstanding shares of Smart & Final’s common stock for $6.50 per share in cash, representing a total valuation of $1.12 billion.

Smart & Final is a leading value-oriented food retailer headquartered near Los Angeles in Commerce, California.

Jefferies LLC, Citigroup Global Markets Inc., and Centerview Partners LLC are serving as financial advisors to Smart & Final, and Kirkland & Ellis LLP is serving as its legal advisor. Gibson, Dunn & Crutcher LLP is serving as legal advisor to the Strategic Review Committee of the Smart & Final Board of Directors. Morgan, Lewis & Bockius LLP is acting as legal advisor to the Apollo Funds, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to the Apollo Funds as it relates to the debt financing.

The Kirkland team was led by corporate partners Michael Woronoff (Picture), Joshua Zachariah, Pippa Bond, Jonathan Benloulou and Joseph Halloum.

Involved fees earner: Joseph Halloum – Kirkland & Ellis; Michael Woronoff – Kirkland & Ellis; Joshua Zachariah – Kirkland & Ellis; Jonathan Benloulou – Proskauer Rose LLP; Philippa Bond – Proskauer Rose LLP;

Law Firms: Kirkland & Ellis; Proskauer Rose LLP;

Clients: Smart & Final ;