Sep
02
Private Equity Firms Circle Petco
ByFirst PetSmart was sold to a private equity firm. Then its main rival in the business of selling dog treats and catnip, Petco, began preparing itself for an initial public offering, nearly a decade after its leveraged buyout.
Now Petco may find itself sold to another investment firm.
Petco has drawn takeover interest from private equity shops including Kohlberg Kravis Roberts & Company as it continues preparing for an I.P.O., a person briefed on the matter said on Wednesday…