Ancoris Advises ASG
Ancoris Advises ASG
About the transaction
Ancoris was hired as the exclusive financial advisor by the management team to complete a $150 million management buyout of ASG from its sponsor, AUA Private Equity Partners.
About the Company
Associated Supermarket Group LLC (“ASG”) provides retail solutions including distribution, marketing, merchandising, promotional services, and store financing to over 230 grocery stores in the New York metro area.
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ASG website https://www.asghq.com/
The Ancoris team went above and beyond in identifying the right partner in Freedom 3 for this next phase of exciting growth for our company. Ancoris has created for us an attractive, customized financing solution to support our initiatives. The team acted as true advisors throughout every facet of this transaction.
Joe Garcia, co-President and co-CEO of ASG
Investment
Ancoris raised $150 million in a combination of debt and equity financing to complete the management buyout from AUA Private Equity Partners. Additionally, Ancoris brought in two large strategic partners to participate in the transaction.
Ancoris successfully coordinated a highly complex transaction across multiple debt and equity providers, and structured attractive economics for the acquiring management team.
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