http://www.petbusiness.com/Petco-To-...-Pension-Plan/
CVC Capital Partners and Canada Pension Plan Investment Board (CPPIB) have reached a deal to acquire Petco for $4.6 billion. The deal is scheduled to close early in 2016.
Petco, which operates more than 1,400 locations across the U.S., Mexico and Puerto Rico, is currently owned by a group of investors led by TPG and Leonard Green & Partners. Those investors initially took the company private in 2006. Petco pursued either taking the company public through an initial public offering or sale to a private equity firm prior to this acquisition, according to the Wall Street Journal.
"Petco is clearly a leader in the industry, with strong further growth potential and a talented leadership team," said Chris Stadler, CVC managing partner, in a statement announcing the acquisition. "The pet category is a growing and dynamic space within which we believe Petco is ideally positioned to further enhance its leadership position.".......................
CVC Capital Partners and Canada Pension Plan Investment Board (CPPIB) have reached a deal to acquire Petco for $4.6 billion. The deal is scheduled to close early in 2016.
Petco, which operates more than 1,400 locations across the U.S., Mexico and Puerto Rico, is currently owned by a group of investors led by TPG and Leonard Green & Partners. Those investors initially took the company private in 2006. Petco pursued either taking the company public through an initial public offering or sale to a private equity firm prior to this acquisition, according to the Wall Street Journal.
"Petco is clearly a leader in the industry, with strong further growth potential and a talented leadership team," said Chris Stadler, CVC managing partner, in a statement announcing the acquisition. "The pet category is a growing and dynamic space within which we believe Petco is ideally positioned to further enhance its leadership position.".......................
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