CVC, CPPIB to buy Petco for $4.6 bln
Petco Animal Supplies Inc. said Monday that CVC Capital Partners and Canada Pension Plan Investment Board have agreed to buy the pet retailer for about $4.6 billion. TPG and Leonard Green & Partners are the sellers. San Diego-based Petco is a specialty retailer of premium pet food, supplies and services. Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as financial advisors to Petco. Barclays, Citigroup and Moelis acted as lead financial advisors to CVC and CPPIB. Barclays, Citigroup, Barclays, Royal Bank of Canada, Credit Suisse, Nomura and Macquarie provided committed debt financing to CVC and CPPIB.
23 November 2015•6 mins read
