Roark Capital-backed pet retailer Pet Valu files for TSX IPO

Pet Valu Holdings, a Markham, Ontario-based retailer of pet food and pet-related supplies, has filed a preliminary prospectus for an initial public offering on the Toronto Stock Exchange.

Pet Valu Holdings, a Markham, Ontario-based retailer of pet food and pet-related supplies, has filed a preliminary prospectus for an initial public offering on the Toronto Stock Exchange. The number of common shares to be sold and the price have not yet been determined. Pet Valu was taken private in 2009 by Roark Capital Group for about C$144 million.

PRESS RELEASE

MARKHAM, ONTARIO, June 8, 2021 – Pet Valu Holdings Ltd. (“Pet Valu” or the “Company”), the leading Canadian specialty retailer of pet food and pet-related supplies, today announced that it has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a preliminary base PREP prospectus (the “Preliminary Prospectus”) in respect of its initial public offering of common shares (the “Offering”). The number of common shares to be sold and the price per common share have not yet been determined.

The Offering is being made through a syndicate of underwriters led by RBC Capital Markets, Barclays and CIBC Capital Markets, as lead underwriters and joint bookrunners.
The Preliminary Prospectus contains important information relating to the Offering and has not yet become final for the purpose of a distribution of securities to the public. No securities regulatory authority has either approved or disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or regulatory authority in such jurisdiction. Copies of the Preliminary Prospectus are available from representatives of the underwriters and will be available under Pet Valu’s profile on SEDAR at www.sedar.com.

The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States (as such term is defined in Regulation S under the U.S. Securities Act) or to, or for the account or benefit of, U.S. Persons (as defined in the U.S. Securities Act), except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or solicitation of an offer to buy any of these securities in any jurisdiction in which the offering or sale is not permitted.

About Pet Valu
Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 600 corporate-owned or franchised locations across the country. For more than 40 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, a premium product offering and engaging instore services. Pet Valu’s neighbourhood stores offer more than 7,000 competitively-priced products, including a broad assortment of premium, super premium, holistic and award-winning proprietary brands.

To learn more, please visit: www.petvalu.ca.