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JACKSONVILLE, Fla. — Bi-Lo Holdings LLC, the owner of the Winn-Dixie and BI-LO supermarket chains, has canceled its plan for an initial public offering.
Bi-Lo Holdings LLC, the owner of the Winn-Dixie and BI-LO supermarket chains, has canceled its plan for an initial public offering.
The company, which filed the IPO under the name Southeastern Grocers LLC, didn’t give a reason for the cancellation. The withdrawal statement submitted to the Securities and Exchange Commission said that the company "has determined not to pursue the contemplated public offering at this time."
The retailer is owned by Dallas-based Lone Star Funds Co., a private equity firm that has owned Bi-Lo for nearly a decade and in 2011 facilitated the merger of Bi-Lo and Winn-Dixie. The IPO registration came nearly a year ago. The company, which intended to raise as much as $500 million from the share offering, had not filed updates to its registration since November.
Bi-Lo Holdings operates stores under the BI-LO and Winn-Dixie banners in Florida, Georgia, Alabama, North Carolina and Louisiana.
