BJ's Wholesale Okays $2.8 Billion Buyout
July 16, 2011,
Should shareholders approve the transaction, they will receive $51.25 per share, a 7% premium to the closing price of BJ's shares June 28. Leonard Green & Partner's current retail investments include J. Crew, Jo-Ann Stores, Whole Foods Market, Neiman Marcus Group, PETCO Animal Supplies, Leslie's Poolmart, The Sports Authority, The Container Store, Tourneau, David's Bridal, Jetro Cash & Carry and The Tire Rack.
CVC is a private equity and investment advisory firm with a network of 20 offices and over 230 employees throughout Europe, Asia and the United States. Its current retail investments in the United States include Pilot Flying J and Leslie's Poolmart.