Proskauer Aids Ares Management In $975M Smart & Final Buy

Law360, New York (October 11, 2012, 5:26 PM EDT) -- Private equity firm Ares Management LLC will pay $975 million to take over majority ownership of warehouse-style retailer Smart & Final Holdings Corp., the chain said Thursday, lifting the stake from fellow investment group Apollo Global Management LLC.

Under the deal's terms, senior management will hang onto a minority interest Smart & Final, which operates a network of nearly 250 non-membership warehouse locations that sell groceries, cleaning supplies and other household items. The stores also operate under the Cash & Carry name and span the Western...
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