Buyout frees Pets at Home for expansion drive
Published: 18 February, 2010
The £995m purchase of Pets at Home by private equity investor Kohlberg Kravis Roberts is expected to lead to a new wave of store openings by the pet retailer.
CBRE’s out of town retail team advised KKR on the acquisition of the portfolio which includes approximately 250 stores located throughout the UK, and provided KKR with strategic advice on the future expansion potential of the pet retailer. CBRE says Pets at Home is expected to continue to expand its store base significantly.
Lawrence Earnshaw, director of out of town retail at CBRE said: “This is an exciting opportunity for CBRE to assist KKR in the acquisition and further development of a highly successful business in the UK”.
KKR's other retail investments include health and beauty group Alliance Boots and toys chain Toys 'R' Us.
