Sysco Corp. (NYSE: SYY) agreed to buy food-service distributor Brakes Group from private equity firm Bain Capital in a $3.1 billion deal, giving the company a bigger foothold in Europe.

The transaction includes repaying $2.3 billion of Brakes debt, Houston-based Sysco said in a statement Monday. The acquisition is slated to be completed before the end of Sysco’s fiscal year in July.

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