March 14,  2016 -– The Fresh Market, Inc., a growing specialty grocery retailer, and affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") today announced that they have entered into a definitive agreement whereby certain funds managed by Apollo, a leading global alternative investment manager, will acquire The Fresh Market for $28.50 per share in cash, or approximately $1.36 billion. Cravath, Swaine & Moore LLP is representing The Fresh Market in connection with this transaction. 

The Cravath team is being led by partners Damien R. Zoubek and Keith Hallam (M&A) and includes partner Craig F. Arcella (financing).