#Petco owners reportedly weighing $6 billion sale or IPO
“#Petco owners reportedly weighing $6 billion sale or IPO”
September 9, 2020 | 5:19pm
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The firms are interviewing potential advisers while reviewing strategic options, with formal efforts around a sale or IPO not expected to kick off until next year, Bloomberg said, citing people with knowledge of the matter.
CVC, CPPIB and Petco declined to comment on the report.
CVC and CPPIB acquired the pet supplies retailer in 2016 for about $4.6 billion from TPG Capital and Leonard Green and Partners.
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