• Most Popular
  • Most Shared

Bridgepoint lining up Pets at Home float-paper

Sun Jul 5, 2009 12:37pm EDT

LONDON, July 5 (Reuters) - Private equity group Bridgepoint is lining up a 700 million pound ($1.15 billion) flotation of Pets at Home, the UK's biggest retailer of pet products, according to The Sunday Times.

Private Capital

Bridgepoint has held talks with Goldman Sachs, JP Morgan Cazenove, NM Rothschild and Bank of America Merrill Lynch to gauge investor appetite for a float, the paper said.

However, Bridgepoint told the newspaper that no banks had been appointed and no decision had been taken on whether to float.

Pets at Home were not immediately available to comment on the report.

Bridgepoint bought Pets at Home for 230 million pounds in 2004, the newspaper said.

Pets at Home grew like-for-like sales by 7.5 percent in the year to March 26, 2009, and posted a 29 percent rise in pretax profit to 40 million pounds. ($1=.6093 Pound) (Reporting by Paul Sandle; editing by Simon Jessop)

Private Capital


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    People walk by a Bank of America branch in New York. REUTERS/Lucas Jackson

    The search is on -- again

    Bank of America has less than two weeks left before Chief Executive Ken Lewis steps down. With the top candidate out of the picture, here's a look at what might happen next.  Full Article 

    Executive compensation
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures