Pets at Home buy out expected

Jan 27 2010 By nebusiness

The UK’s biggest pet retailer was today set to fall into the hands of private equity giant Kohlberg Kravis Roberts (KKR).

KKR has agreed a reported £950m deal for Cheshire-based Pets at Home from its current owner and fellow buy-out firm Bridgepoint Capital.

Pets at Home, which has more than 250 stores and 4,200 staff, joins a stable of KKR retail investments in the UK, including Alliance Boots and Toys R Us.