Leonard Green, CVC Close Deal for BJ's
Posted on October 3, 2011 by
WESTBOROUGH, Mass.-Leonard Green & Partners and CVC Capital Partners have completed their acquisition of BJ's Wholesale Club.
The transaction occurred through affiliates of Leonard Green and funds advised by CVC. As described in the merger agreement from June 28, BJ's shareholders received $51.25 per share in cash, with the total sale price approximately $2.8 billion. Shareholders approved the transaction on Sept. 9.
The deal takes BJ's private. Its stock was slated to be delisted from the New York Stock Exchange before trading began this morning.
Along with BJ's, Leonard Green has investments in J. Crew, Jo-Ann Stores, Whole Foods Market, Neiman Marcus, PETCO, Leslie's Poolmart, The Sports Authority, The Container Store, Tourneau, David's Bridal, Jetro Cash & Carry and Tire Rack.