Content about Leonard Green

October 12, 2011

Discounter 99 Cents Only Stores said it has agreed to be acquired by a group of investors including its founding family, Ares Management and Canadian Pension Plan Investment Board for $1.6 billion in cash.

COMMERCE, CALIF. -- Discounter 99 Cents Only Stores said Tuesday it has agreed to be acquired by a group of investors — including its founding family, Ares Management and Canadian Pension Plan Investment Board — for $1.6 billion in cash.

The announcement ends a months-long sales process, which started with a takeover offer from Leonard Green & Partners in March.

September 30, 2011

BJ's Wholesale Club officially is owned by Leonard Green & Partners and CVC Capital Partners, just a few weeks after the retailer's stockholders approved the agreement.

WESTBOROUGH, Mass. — BJ's Wholesale Club officially is owned by Leonard Green & Partners and CVC Capital Partners, just a few weeks after the retailer's stockholders approved the agreement.

BJ's was required in an all-cash transaction valued at $51.25 per share, or $2.8 billion.

BJ’s common stock will be delisted from the New York Stock Exchange prior to the opening of business on Monday, Oct. 3, the companies said.

The deal was announced in late June after months of speculation. BJ’s board of directors unanimously approved the agreement.

September 9, 2011

At a special meeting held Friday, BJ's Wholesale Club stockholders approved the definitive agreement between the company and Leonard Green & Partners and CVC Capital Partners to be acquired in an all-cash transaction valued at about $2.8 billion.

WESTBOROUGH, Mass. — At a special meeting held Friday, BJ's Wholesale Club stockholders approved the definitive agreement between the company and Leonard Green & Partners and CVC Capital Partners to be acquired in an all-cash transaction valued at about $2.8 billion.

BJ's anticipates the closing of the transaction, which was announced in late June, will occur around the end of the month.

June 29, 2011

After months of speculation, BJ's Wholesale Club has entered a definitive agreement to be acquired by Leonard Green & Partners and CVC Capital Partners for an all-cash transaction valued at about $2.8 billion.

WESTBOROUGH, Mass. — After months of speculation, BJ's Wholesale Club has entered a definitive agreement to be acquired by Leonard Green & Partners and CVC Capital Partners for an all-cash transaction valued at about $2.8 billion.

BJ’s board of directors unanimously approved the merger agreement — which is subject to approval of BJ’s shareholders, customary closing conditions and regulatory approvals — and recommended that all BJ’s shareholders vote in favor of the transaction.

June 17, 2011

Leonard Green & Partners and CVC Capital Partners said Friday they are making a joint buyout bid worth an undisclosed amount for BJ's Wholesale Club.

NEW YORK — Leonard Green & Partners and CVC Capital Partners said Friday they are making a joint buyout bid worth an undisclosed amount for BJ's Wholesale Club.

The two private equity firms revealed their plans in a Securities and Exchange Commission filing on Friday. The bid price was not disclosed.

In February, BJ's announced it was exploring a sale. In March, Leonard Green already is the chain's larger shareholder, with a 9.3% stake.

May 12, 2011

A partner with a private equity firm that purchased preferred stock from Rite Aid in 1999 has joined the retail pharmacy chain’s board.

CAMP HILL, Pa. — A partner with a private equity firm that purchased preferred stock from Rite Aid in 1999 has joined the retail pharmacy chain’s board.

Rite Aid said Thursday that John Baumer, a partner with Leonard Green & Partners, had joined the board, replacing Jon Sokoloff, the firm’s managing partner, who has resigned from the board.

Leonard Green & Partners is an affiliate of Green Equity Investors III, which said it will re-elect Baumer for a one-year term at Rite Aid’s annual stockholder’s meeting on June 23.

March 22, 2011

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.

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.

February 3, 2011

After months of speculation, BJ's Wholesale Club early Thursday morning confirmed the company has decided to explore and evaluate strategic alternatives. Coupled with that announcement was a positive sales story for the year.

WESTBOROUGH, Mass. — After months of speculation, BJ's Wholesale Club early Thursday morning confirmed the company has decided to explore and evaluate strategic alternatives. Coupled with that announcement was a positive sales story for the year.