Somerfield, the UK supermarket chain with approximately 880 local grocery stores across the UK, has been acquired by the UK-based grocery operation the Co-operative Group from a consortium led by Apax Partners and Barclays Capital for £1.6 billion ($3.2 billion, €2 billion).
In January, the syndicate of European buyout firm Apax and investment bank Barclays, as well as UK real estate tycoon Robert Tchenguiz, came up with a plan to sell the supermarket chain for £2 billion to £2.5
