Don Quijote operator buys US-based supermarket chain

The deal is expected to close in Q2.

Don Quijote’s Pan Pacific International Holdings (PPIH) is acquiring US-based supermarket chain Gelson’s Markets from private equity platform TPG Capital for an undisclosed amount, according to a press release.

The deal is expected to close in Q2 2021 and is subject to customary closing conditions.

Gelson’s was acquired by TPG Capital in 2014. It currently operates 27 full-service specialty grocery stores in California.

Each of its markets features the full amenities of a traditional supermarket, but with the local flavor of a neighborhood market, the company said.