CVC, CPPIB near $4.7 bln deal to acquire Petco: Reuters

U.S. private equity firm CVC Capital Partners and Canada Pension Plan Investment Board are nearing a deal to acquire Petco Holdings Inc, valuing it at around US$4.7 billion, including debt, sources told Reuters. The consortium outbid other buyout firms in an auction for Petco and is now finalizing terms with the U.S. pet retailer's owners, TPG Capital and Leonard Green & Partners.

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