Ropes & Gray Represents TPG Capital in its Sale of Gelson’s Markets to PPIH
Ropes & Gray represented TPG Capital in its sale of Gelson’s Markets to Pan Pacific International Holdings (PPIH). The transaction was announced on February 24. The deal is expected to close in the second quarter of 2021. The press release is here.
Gelson’s Markets currently operates 27 full-service specialty grocery stores in Southern California. TPG Capital is the private equity platform of TPG, a global alternative asset firm founded in 1992 with approximately $83 billion of assets under management.
The Ropes & Gray team that represented TPG Capital was led by private equity partner Othon Prounis (New York), and included tax partner Adam Greenwood (New York), employment, executive compensation & benefits partners Loretta Richard (Boston), Megan Bisk (Boston) and Matthew Jones (Chicago), real estate partner Jack Creedon (Boston), strategic transactions partners Regina Sam Penti (Boston), Megan Baca (Silicon Valley) and Edward Black (Boston), health care partner Thomas Bulleit (Washington D.C.), litigation & enforcement partners Anne Johnson Palmer (San Francisco), Jonathan Klarfeld (Washington D.C.), Timothy Farrell (Chicago) and Rocky Tsai (San Francisco), and finance partner Byung Choi (Boston).