October 09, 2014
Weil advised Berkshire Partners in its sale of Grocery Outlet, Inc., a deep-discount supermarket chain, to Hellman & Friedman LLC and Grocery Outlet's own senior management.
Founded in 1946 and based in Emeryville, California, Grocery Outlet offers extreme bargains on brand name merchandise, with prices often up to 60% cheaper than conventional retailers. The largest “extreme-value” grocer in the U.S., Grocery Outlet has over 210 locations in California, Idaho, Nevada, Oregon, Washington, and Pennsylvania. Most stores are independently owned and operated by locally-based families.
The Weil team advising Berkshire Partners was led by Corporate partner David Duffell. In addition, the team included Corporate partner Shayla Harlev; Banking & Finance partner Andrew Yoon; Environmental Transactions partner Annemargaret Connolly; Technology & IP Transactions partner Jeffrey Osterman; Tax partner Mark Schwed; Executive Compensation & Employee Benefits partner Michael Nissan; Environmental Transactions counsel Matthew Morton; Corporate associates Matthew Goulding and Kelly Wagner; Banking & Finance associate Benton Lewis; Technology & IP Transactions associate Caroline Paige Geiger; and Tax associate Gladriel Shobe.