Pets at Home is the latest retailer gearing up to float on the stock market after it hired investment banks to lead a £1.5bn listing.
Kohlberg Kravis Roberts (KKR), the private equity owners of the UK’s biggest pets retailer, has drafted in Goldman Sachs, Bank of America Merrill Lynch and Nomura as well as its in-house capital markets division to oversee the potential listing, which could be as early as the first quarter of next year, according to Sky News.
KKR bought Pets at Home for £955m in January 2010.
The pets specialist reported a 10% rise in EBITDA to £100.8m in the 52 weeks to March 28. Sales increased 10% to £598.3m during the period.
Pets at Home declined to comment.
A number of retailers are looking to join the stock exchange, including Poundland, House of Fraser and AO.com.