Leonard Green mulls buying BJ's
NEW YORK — Private equity firm Leonard Green & Partners is considering an offer to acquire BJ’s Wholesale Club, according to a recent filing with the Securities and Exchange Commission.
Leonard Green, which already has a 9.3% ownership stake in the wholesale club operator, said in the SEC filing that it is examining confidential information provided by BJ's as it evaluates an offer.
BJ's revealed in February that it was considering putting the company on the sales block.
Leonard Green recently bid $1.3 billion to acquire 99 Cents Only and $1.6 billion for Jo-Ann Stores. It also was part of a group that acquired J.Crew for $3 billion.