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-Gelson's Announces Investment from Pan Pacific International Holdings

Feb 24, 2021 - ENP Newswire
Mergers and Acquisitions

Encino - Gelson's Markets (Gelson's), a premier Southern California-based supermarket chain, today announced that Pan Pacific International Holdings (TSE1: 7532) (PPIH) and TPG Capital, the private equity platform of global alternative asset firm TPG, have entered into a definitive agreement pursuant to which PPIH will acquire Gelson's from TPG Capital.

The deal is expected to close in the second quarter of 2021 and is subject to customary closing conditions.

'We have long app...