CVC, CPPIB mull sale or IPO of Petco Animal Supplies: Bloomberg

CVC Capital Partners and Canada Pension Plan Investment Board are exploring a sale or initial public offering of Petco Animal Supplies that could value it at $6 billion, including debt, reported Bloomberg.

CVC Capital Partners and Canada Pension Plan Investment Board are exploring a sale or initial public offering of Petco Animal Supplies that could value it at $6 billion, including debt, reported Bloomberg. The news outlet noted that CVC and CPPIB are interviewing advisors while reviewing strategic options, with formal efforts around a sale or IPO not expected to kick off until next year. The investors acquired Petco in 2016 from TPG and Leonard Green & Partners for about $4.6 billion.

Source: Bloomberg