KKR sells 12.3% of Pets at Home for £119m

On Monday night, KKR, the US private equity group, sold a 12.2% stake in Pets at Home, the UK pet supplies retailer it floated in 2014, through an accelerated bookbuild led solely by Bank of America Merrill Lynch.

  • By Jon Hay
  • 09 Oct 2017


The sale of 61m shares was launched after the market close at around 4.55pm in London, with guidance of 195p to market, a maximum discount of 9.7%. The deal was covered inside 45 minutes. 

BAML said at about 6.20 that orders not at 195p risked missing out. The ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 358,291.38 1348 9.06%
2 JPMorgan 320,704.66 1461 8.11%
3 Bank of America Merrill Lynch 318,128.31 1104 8.04%
4 Goldman Sachs 236,643.87 789 5.98%
5 Barclays 231,197.41 895 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 34,591.50 163 6.58%
2 Deutsche Bank 34,293.84 117 6.53%
3 Bank of America Merrill Lynch 31,293.04 95 5.96%
4 BNP Paribas 27,578.61 168 5.25%
5 SG Corporate & Investment Banking 23,982.83 136 4.56%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 19,745.92 80 8.86%
2 Morgan Stanley 16,323.54 83 7.32%
3 Citi 15,946.50 94 7.15%
4 UBS 15,487.17 60 6.95%
5 Goldman Sachs 14,053.61 76 6.30%