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CBRE advise KKR on the £955m purchase of Pets at Home
In one of the largest private equity transactions of the past few years, CB Richard Ellis (CBRE) has advised Kohlberg Kravis Roberts (KKR) on the purchase of the British retailer, Pets at Home, for £955 million.
CBRE’s Out of Town retail team advised KKR on the acquisition of the portfolio which includes approximately 250 stores located throughout the UK, and provided KKR strategic advice on the future expansion potential of the leading Pet retailer. Pets at Home are expected to continue to expand their store base significantly.
Lawrence Earnshaw, Director, Out of Town retail, commented: “This is an exciting opportunity for CBRE to assist KKR in the acquisition and further development of a highly successful business in the UK”.
KKR other retail investments include health and beauty group Alliance Boots and toys chain Toys"R"Us. CBRE previously advised KKR on the purchase of Toys ‘R’ Us in 2005.
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