- The Fresh Market Holdings ( TFM ), a supermarket chain backed by private equity giant Apollo Global ( NYSE: APO ), has decided to withdraw its initial public offering, according to an SEC filing dated Wednesday.
- The grocery store company didn't provide a specific reason for its intention to not follow through on going public.
- Recall when funds managed by Apollo ( APO ) in May agreed to sell some of its stake in Fresh Market ( TFM ) to South American retail conglomerate Cencosud.
- Similarly, Swiss bank Credit Suisse ( CS ) earlier postponed the debut of its real-estate fund 1a Immo PK due to turbulent market conditions.
- In mid-March, The Fresh Market Holdings filed for IPO to pay down debt .
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Apollo Global-backed Fresh Market Holdings withdraws filing to go public