Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR

June 15, 2022 Apollo Funds

Apollo announced that funds managed by its affiliates have agreed to acquire Cardenas Markets, a leading grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a leading global investment firm. Upon completion of the transaction, Apollo Funds will combine Tony’s Fresh Market, a Chicago-based portfolio company, with Cardenas Markets, which operates across California, Nevada and Arizona, to create a leading Hispanic- and ethnic-focused grocer.

Bettcher Industries to Acquire Automated Protein Processing Equipment Manufacturer Frontmatec from Axcel

May 27, 2022 Bettcher Industries

Bettcher Industries, a leading manufacturer of protein processing equipment, announced the signing of a definitive agreement under which it will acquire Frontmatec (the “Company”) from Axcel. KKR, which acquired Bettcher in December 2021, will invest additional capital from its North American private equity strategy to support the transaction.

Bowery Farming Secures $150M Credit Facility Led by KKR to Accelerate Growth

January 12, 2022 Bowery Farming

Bowery Farming, the largest vertical farming company in the United States, announced it has secured a $150 million credit facility led by private credit accounts managed by KKR, a leading global investment firm.

Borden Dairy Completes Sale to Capitol Peak Partners and KKR

July 22, 2020 Borden

This transaction allows Borden to be appropriately capitalized with the business intact, including all plants, branches, routes and the Borden brand. The new Borden entity will continue employment for approximately 3,300 Borden employees and service for Borden customers.

Battle Over Elsie the Cow is Settled, Clearing KKR’s Borden Path

July 20, 2020 Jeremy Hill, Bloomberg

The soon-to-be owners of Borden Dairy Co. will fork over an additional $ 685,000 to keep using Elsie the Cow on its products, according to the terms of a settlement approved Thursday.