Simpson Thacher Represents CVC Capital Partners in Connection with the Announced Acquisition of BJ’s Wholesale Club by Leonard Green & Partners and CVC
06.29.11
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The Firm is representing CVC Capital Partners (“CVC”) in connection with the announced acquisition of BJ’s Wholesale Club, Inc. (“BJ’s”) by Leonard Green & Partners, L.P. (“LGP”) and funds advised by CVC in an all-cash transaction valued at approximately $2.8 billion. Under the terms of the agreement, BJ's shareholders will receive $51.25 per share in cash for each share of BJ's common stock they hold. The merger is subject to the approval of BJ's shareholders, customary closing conditions and regulatory approvals. The transaction is expected to close during the fourth quarter of 2011.
BJ’s is a leading warehouse chain in the eastern United States, which operates 190 warehouse clubs in 15 states.
The Simpson Thacher team includes Gary Horowitz and Nisha Khanduja.