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http://www.businessweek.com/news/2013-05-09/apollo-s-sprouts-farmers-markets-files-for-u-dot-s-dot-initial-offering

Bloomberg News

Apollo’s Sprouts Farmers Markets Files for U.S. Initial Offering

May 09, 2013

Sprouts Farmers Markets LLC, the U.S. grocery chain controlled by Apollo Global Management LLC (APO:US), filed for a U.S. initial public offering.

The company is preparing for a $300 million offering, according to a regulatory filing today. The amount is a placeholder that may change. Goldman Sachs Group Inc., Credit Suisse Group AG and Bank of America Corp. are managing the sale.

The company focuses on organic and natural foods and had almost 160 stores as of May 1, the filing shows. Sprouts, based in Phoenix, would join private-equity-backed companies such as Blackstone Group LP’s Pinnacle Foods Inc. and Warburg Pincus LLC’s Bausch & Lomb Holdings Inc. in seeking an initial share sale as U.S. equity markets reach record highs.

Sprouts has expanded after Apollo combined the company with another business in a February 2011 buyout. It completed an acquisition of more than 30 Sunflower Farmers Market locations last year. The company plans to change its name to Sprouts Farmers Market Inc., the filing shows.

Sprouts will be listed on the Nasdaq Stock Market under the symbol SFM.

To contact the reporter on this story: Julie Alnwick in New York at jalnwick@bloomberg.net

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net


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