KKR earns £288m from Pets at Home sell-off

The shares were sold at 267 pence each. However, following the sell-off, Pets at Home's share price slipped 4% from 280.60 per share at the time of sale (afternoon of 8 June) to 269.4 pence when the markets opened yesterday morning. 

Following the sell-off, KKR now holds a 24.6% stake in the business.

KRR listed Pets at home on the London Stock Exchange in March 2014, with a £1.2bn market cap.

Previous funding
The large-cap GP acquired the company from Bridgepoint in January 2010 for £955m. Bridgepoint acquired Pets at Home from 3i and ICG in July 2004, having first invested in the company in December 1999, according to unquote" data.

Company
Founded in 1991 and headquartered in Cheshire, Pets At Home operates 371 pet stores across the UK, as well as 250 small veterinary surgeries and 121 grooming salons for animals.

Pets at Home's revenue increased by 9.6% to £729.1m in the year to March 2015.

People
Nick Wood is the CEO of Pets at Home.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Exits
• KKR