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Ares Management acquires a majority stake in Smart & Final Holdings for $975M from funds...

Ares Management acquires a majority stake in Smart & Final Holdings for $975M from funds owned and controlled by Apollo Global Management (APO). Smart & Final is a smaller, warehouse-style, "no membership fee," multi-format retailer that operates 235 stores under three distinct formats: Smart & Final, Smart & Final Extra!, and Cash & Carry.
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