CVC and CPPIB to buy Petco for about $4.6 billion

November 23, 2015 6:36 PM

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Private equity firm CVC Capital Partners Ltd and the Canada Pension Plan Investment Board said they had agreed to buy U.S. pet supplies retailer Petco Holdings Inc for about $4.6 billion.

The two outbid other buyout firms in an auction for the company, which had been put up for sale by a group of investors led by private equity firms TPG Capital LP and Leonard Green & Partners LP.

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