US-based supermarket chain Roundy’s filed with the US Securities & Exchanges Commission on Monday for an initial public offering (IPO), set to raise up to $230m. Founded in 1872, Roundy’s was acquired and taken private by private equity firm Willis Stein & Partners in 2002. Roundy’s currently operates 158 grocery stores across the American Midwest area, and plans to use the proceeds from the IPO to repay money owed from outstanding loans worth $839m. Additional shareholders in Roundy’s owning more than 5% of its stock include insurance and financial services company Northwestern Mutual Life, as well as Norwest Equity Capital, a fund run by investment firm Norwest Venture Partners and private equity investor AlpInvest Partners. Financial information contained in the filing indicates Roundy’s made nearly $2.9bn in net sales in the three quarters up to 1st October this year, up $55m from the same period last year, with a similar net income of $38.9m. The offering will be underwritten by financial services firms Credit Suisse and JP Morgan. 

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?