Morgan Stanley Completes Tops Deal; Names Curci CEO

NEW YORK — Morgan Stanley Private Equity said Monday that it has completed its $310 million purchase of Tops Markets and has named Frank Curci chief executive officer, effective immediately. Curci, who served as CEO of Tops until 2003 under former owner Ahold, assisted Morgan Stanley in the acquisition of Tops, which was announced in October. “Tops is a neighborhood grocer with a long and storied history in the region,” Curci said in a statement. “With Morgan Stanley Private Equity’s commitment to invest in and grow the business, I will work closely with the Tops management team and associates to ensure Tops is the supermarket of choice.” Based in Buffalo, N.Y., Tops operates 71 stores.

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