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Private investors to bid on Save-A-Lot: Report

Several private equity firms are expected to bid on acquiring Save-A-Lot from Supervalu in the coming weeks, making the prospect of a public spinoff of the discounter less likely, according to a Reuters report.

Jon Springer, Executive Editor

August 1, 2016

1 Min Read
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Several private equity firms are expected to bid on acquiring Save-A-Lot from Supervalu in the coming weeks, making the prospect of a public spinoff of the discounter less likely, according to a Reuters report.

Citing anonymous sources, Reuters said Advent International; KKR; Clayton, Dubilier & Rice; TPG Capital; Onex Corp. and Thomas H. Lee Partners were expected to participate in an auction in coming weeks, with bids anticipated to reach $1.8 billion. The bids could provide an alternative to Supervalu's longstanding plan to spin Save-A-Lot into a separate company part-owned by Supervalu and its existing shareholders.

However, analysts have said the current low-inflation operating environment could make it difficult for food retailers to execute public offerings.

Supervalu was not immediately available for comment.

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Save-A-Lot

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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