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.
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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.