Private Investment Group to Acquire Smart & Final

LOS ANGELES Smart & Final here said last week it has reached an agreement to be acquired by an affiliate of Apollo management in the latest in a series of acquisitions of public food retailers by private-equity firms. Apollo, based in Purchase, N.Y., agreed to pay $22 per share for the chain, which operates 254 warehouse-style food stores serving both consumers and food-service customers. Including

LOS ANGELES — Smart & Final here said last week it has reached an agreement to be acquired by an affiliate of Apollo management in the latest in a series of acquisitions of public food retailers by private-equity firms.

Apollo, based in Purchase, N.Y., agreed to pay $22 per share for the chain, which operates 254 warehouse-style food stores serving both consumers and food-service customers. Including debt, the purchase price was $812.9 million. Smart & Final said it exp

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