Petco sold

The US pet retail chain Petco has been acquired by Luxembourg-based CVC Capital Partners Ltd and the Canada Pension Plan Investment Board in a deal worth $4.6 bn. Petco, which recently moved into new headquarters in Rancho Bernardo, operates more than 1 400 retail locations across the US, Mexico and Puerto Rico.
Petco previously belonged to a group of investors led by private equity firms TPG Capital LP and Leonard Green & Partners LP. A proposed merger between Petco and PetSmart recently fell through due to antitrust concerns.