Yucaipa's Pathmark PIPE Dream

Sweeney, Paul
April 2005
Investment Dealers' Digest;4/25/2005, Vol. 71 Issue 16, p40
Trade Publication
The article informs that due to a $150 million private investment in public equity, Ron Burkle is back in the grocery store business. The Los Angeles billionaire, who made notable investments in such supermarket operations as Food4Less and Fred Meyer before those companies were bought by the Kroger Co., has bellied up to the salad bar again. Burkle announced on March 24 that the Yucaipa Cos., a private equity fund of which he is the managing partner, has taken a $150 million equity stake in Pathmark Stores Inc., giving Yucaipa a 40% stake in the company. Pathmark, a regional supermarket chain with 143 stores in New York, New Jersey and Pennsylvania, boasts either first or second market share in eight of the nine major metropolitan regions in which it does business.


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