KKR Is A Likely Bidder For BJ's Wholesale, Nixing IPO Plans
by Anthony Noto, New York Business Journal
Posted: 2017-10-02 15:33:45 EST

KKR & Co. is in talks to acquire BJ’s Wholesale Club.

BJ's private equity owners approached the New York buyout firm to set up what is expected to be a $4.5 billion deal — five-times their original investment

CVC Capital Partners and Leonard Green & Partners, which purchased BJ’s six years ago for $600 million in cash (the remainder in debt), is looking to exit, according to the New York Post.

To read the rest of the story, please go to: New York Business Journal