Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Grocery Outlet Holding Corp. entered into Stock Purchase Agreement with BBGO Acquisition, Inc., specified beneficial owners, and Southvest Fund VII, L.P. valued at approximately $62 million in cash (effective 2024-02-14).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- BBGO Acquisition, Inc., specified beneficial owners, and Southvest Fund VII, L.P.
- Value
- approximately $62 million in cash
- Effective
- 2024-02-14
Exact text from the filing
On February 14, 2024, Grocery Outlet Inc., a California corporation (the "Buyer"), a wholly owned subsidiary of Grocery Outlet Holding Corp. (the "Company" or "Grocery Outlet"), entered into a Stock Purchase Agreement (the "Purchase Agreement") with BBGO Acquisition, Inc., a Delaware corporation ("Holdings"), specified parties therein that beneficially own Holdings (the "Sellers"), and Southvest Fund VII, L.P., a Delaware limited partnership (the "Sellers' Representative", and together with the Sellers, the "Seller Parties" and, together with Holdings and the Buyer, the "Parties") to acquire all of the issued and outstanding capital stock of Holdings for approximately $62 million in cash, subject to customary purchase price adjustments (the "Transaction").
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