Bridgepoint lining up Pets at Home float-paper
LONDON, July 5 (Reuters) - Private equity group Bridgepoint is lining up a 700 million pound ($1.15 billion) flotation of Pets at Home, the UK's biggest retailer of pet products, according to The Sunday Times.
Bridgepoint has held talks with Goldman Sachs, JP Morgan Cazenove, NM Rothschild and Bank of America Merrill Lynch to gauge investor appetite for a float, the paper said.
However, Bridgepoint told the newspaper that no banks had been appointed and no decision had been taken on whether to float.
Pets at Home were not immediately available to comment on the report.
Bridgepoint bought Pets at Home for 230 million pounds in 2004, the newspaper said.
Pets at Home grew like-for-like sales by 7.5 percent in the year to March 26, 2009, and posted a 29 percent rise in pretax profit to 40 million pounds. ($1=.6093 Pound) (Reporting by Paul Sandle; editing by Simon Jessop)
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