Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by its affiliates (the “Apollo Funds”) have agreed to acquire Cardenas Markets (“Cardenas”), a leading grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a leading global investment firm.