UPDATE 1-Petco hires Goldman Sachs for sale or IPO-sources

August 3, 2015 9:04 PM

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NEW YORK Aug 3 (Reuters) - Petco Animal Supplies Inc has hired Goldman Sachs Group Inc to lead a potential initial public offering or sale that could value the pet supplies retailer at between $4 billion and $5 billion, including debt, according to people familiar with the matter.

San Diego-based Petco, which is owned by private equity firms TPG Capital LP and Leonard Green & Partners LP, is working with Goldman Sachs as it seeks an outright sale to another company or private equity group, the people said on Monday.

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