KKR

Buyout Giants in Running for Pet Specialty Retailer

by

October 30, 2014

The take-private auction of a North American pet-product and services retailer at a valuation of USD 7 bn may emerge as the biggest leveraged buyout of the year, according to WSJ, if PE players Apollo, Hellman & Friedman and KKR are successful in an auction underway. If the deal takes place, the buyout will exceed the year to date largest LBO, which was Blackstone’s USD 5.4 billion Gates Global acquisition. No mention was made about financing, except to say that it will unlikely be a “club deal”.

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