Supermarket chain Bi-Lo Holdings hires banks to lead IPO
date:Aug 21, 2013
et chain Winn-Dixie Stores for $560 million. Winn-Dixie's 480 stores in Florida, Alabama, Louisiana, Georgia, and Mississippi continue to operate as a Bi-Lo subsidiary under the Winn-Dixie brand.

In May, Bi-Lo bought 165 stores from Food Lion parent Delhaize Group DELBA.UL for $265 million in cash.

Dallas-based Lone Star, a large private equity firm with $38 billion of capital, bought Bi-Lo in 2005 for $660 million from Dutch supermarket group Ahold (AHLN.AS).

Lone Star declined to comment.


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