About the company
Headquartered in Cleveland, OH, the Company is a discount grocer independently operating Save-A-Lot branded stores in the Upper Midwest.
SEPTEMBER 20, 2021
Corbel closes sponsored special opportunity investment to support a Discount Grocery Chain Carve-Out
Corbel Capital Partners ("Corbel") announced that it has closed a structured investment into Yellow Banana, LLC (the “Yellow”), a new operating entity that completed a carve-out of 32 Save A Lot stores across the Greater Cleveland, Greater Chicago, and Greater Milwaukee areas. Save A Lot, one of the largest discount grocery chains in the U.S., provides convenient access to affordable foods, including high quality private label brands, national brand products, USDA-inspected meat, farm-fresh fruits and vegetables, and other non-food items. Corbel partnered with 127 Wall Holdings, LLC (“127 Wall”), a minority-owned holding company with local community roots, to acquire corporate-owned store assets and provide capital to the balance sheet for store remodeling. Corbel’s flexible capital solution demonstrates Corbel’s ability to creatively structure investments alongside independent sponsors, and Corbel’s and 127 Wall’s operationally-supportive partnership will position the Company for future growth. This investment was made with the support of Corbel DSOF Capital Management (“DSOF”), which aims to provide creatively-structured capital solutions to meet the needs of various constituencies in special and otherwise-complex situations.
Current Investments
