New York-Based KKR Buys Cardenas Markets

ONTARIO – Cardenas Markets, a fixture among grocery chains in the Inland area, has been sold to KKR, a New York City-based global investment firm, according to both parties.

New York’s KKR and Chicago’s Victory Park Capital, both investment firms, have also purchased the Mi Pueblo chain, which also caters to a Hispanic market from its headquarters in San Jose and locations throughout Southern California, including Perris, Santa Ana and Norwalk.

“KKR and Victory Park will be making investments in both Cardenas Markets and Mi Pueblo, along with the ownership of both businesses, including the Cardenas family,” according to a statement from Cara Kleiman, a spokesperson for KKR.

To read the rest of the story, please go to: Press Enterprise