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Petco announces $4.6 billion sale to CVC, Canadian Pension

from RetailDive

From Nov. 30: Petco announced it had reached a deal to sell itself to private equity firm CVC Capital Partners Ltd. and Canadian Pension Plan Investment Board for approximately $4.6 billion, according to a release from the retailer.  The acquisition comes after a dual-track process where private equity firms TPG Capital and Leonard Green & Partners pursued both the options of an auction and a possible IPO for the retailer. The announced deal is one of the biggest leveraged buyouts this year, according to the Wall Street Journal. more

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