Sterling Acquires Fairway Markets

Sterling Investment Partners has acquired a majority position in New York-based grocer Fairway Markets. LBO Wire reports that the deal values Fairway at more than $137 million, with an $87 million credit facility arranged by CapitalSource. Others lenders included BlackRock Kelso Capital,Citigroup, Dymas Capital Management, Golub Capital and JPMorgan Chase. www.sterlinglp.com