January 24, 2018 / 5:04 PM / 9 months ago

BRIEF-Kohlberg Kravis Roberts funds sell 12.3 pct stake in Pets at Home via placing

Jan 24 (Reuters) - KOHLBERG KRAVIS ROBERTS:

* ENTITIES OWNED BY CERTAIN FUNDS MANAGED AND ADVISED BY KOHLBERG KRAVIS ROBERTS TO SELL 62,013,086 ORDINARY SHARES IN PETS AT HOME‍​

* PLACING SHARES REPRESENT ABOUT 12.3% OF CO’S ISSUED SHARE CAPITAL AND CONSTITUTES KKR’S ENTIRE REMAINING HOLDING IN THE CO

* PETS AT HOME WILL NOT RECEIVE ANY PROCEEDS FROM THE SALE

* PLACING SHARES ARE BEING OFFERED BY WAY OF AN ACCELERATED BOOKBUILD

* MERRILL LYNCH INTERNATIONAL AND NUMIS SECURITIES LIMITED ARE ACTING AS JOINT BOOKRUNNERS Further company coverage:

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