client_transactions

SSG Client Transactions

Title

Bruno's Supermarkets, LLC
Client Profile

Client Profile

Bruno's Supermarkets, LLC ("Bruno's"or the "Company") was founded in 1933 and is based in Birmingham, AL. Bruno's operates 66 supermarkets throughout Alabama and the Florida Panhandle region under three distinct banners: Bruno's, Food World and FoodMax. Bruno's Supermarkets offer customers comprehensive grocery and complementary product selections combined with world class customer service that meet the needs of today's discerning customer.
Situation

Situation

Bruno’s faced operational and financial challenges as a result of certain internal issues and general macroeconomic factors outside of its control. As a result of these challenges and its constrained liquidity position, the Company filed for Chapter 11 protection under the U.S. Bankruptcy Code in the Northern District of Alabama on February 5, 2009.
Solution

Solution

Professionals at SSG marketed Bruno’s to a wide range of strategic competitors and institutional investors. Ultimately, with SSG's guidance, the Company sold a majority of its assets and store locations to a strategic acquirer through a competitive auction effectuated under Section 363 of the U.S. Bankruptcy Code. In addition, SSG identified key pharmacy buyers to purchase select pharmaceutical assets at certain locations not purchased on a going concern basis. SSG's experience identifying alternative solutions and buyers, and in navigating difficult waters, enabled all key stakeholders to maximize recoveries while preserving the jobs of the majority of Bruno’s employees.
May 2009
has sold substantially all of its assets to
The undersigned acted as Investment Banker to Bruno's Supermarkets, LLC on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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(212) 782-3755

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