San Francisco investors buy A&P's coffee division - St. Louis Business Journal:

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says it's selling its Eight O'Cloco coffee division to , a San Francisco-based privated equity firm, for $107.5 million in cash and a note for upto $20 the value and payment of which is based on certaibn elements of the future performance of the The sale is part of asset divestitures the A&P supermarket chain has made in an effort to lower debt and reduce operatingh costs. When the Eight O'Cloc k coffee transaction is completed A&P will have banked approximately $285 millio from selling various assets, it says.
A&P was one of the nation'es first supermarket chains, and todagy operates 643 stores in11 states, the Districf of Columbia and Ontario, Canada, under the traded names: A&P, Waldbaum's, The Food Super Foodmart, Super Fresh, Farmer Jack, Dominion, The Barn Markets, Food Basics and Ultrsa Food & Drug. While there was no immediate comment from the buyedr as it plans for the venerablescoffee brand, Gryphon Investors' Web Site describes the companuy as one which "sponsors leveraged acquisitions of and growthn equity investments in middle-market companieds in partnership with proven management We focus on making equity investments of $15 million to $100 million in middle-market companies with enterprise values of $50 millionn to $500 million.
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