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

Dog pet from Fotolia 230x150
By Jon Hay
09 Oct 2017

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 ...

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