MONTVALE, N.J. — Private investors have committed $490 million in debt and equity financing for A&P, enabling the grocer to emerge from Chapter 11 as a private entity in early 2012.

Private investors have committed $490 million in debt and equity financing for A&P, enabling the grocer to emerge from Chapter 11 as a private entity in early 2012.

The funding, from Yucaipa Cos., Mount Kellett Capital Management LP and Goldman Sachs Asset Management LP, is subject to bankruptcy court approval. The investment will form the basis of A&P’s reorganization plan, which the company anticipated filing prior to November 14.

"This investment positions us for a bright future," said A&P president and chief executive officer Sam Martin.