News & Events

The Firm has represented affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) on the sale of 61 million ordinary shares in Pets at Home Group Plc (“Pets at Home”). The secondary offering, which was effected pursuant to a block trade by way of an accelerated book build, raised gross sale proceeds of approximately £119 million.

The sale brings KKR’s aggregate shareholding in Pets at Home to approximately 12.4%, down from 24.6% following a block trade in June 2015.

Pets at Home, whose shares are admitted to the premium listing segment of the UKLA’s Official List and to trading on the London Stock Exchange plc’s Main Market for listed securities, is the U.K.’s leading specialist retailer of pet food, accessories and services, operating from 434 stores located across the U.K.

The London-based Simpson Thacher team included Adam Signy, James Connor and Emily Cornhill (U.K. Corporate and Capital Markets); and Nick Shaw and Rita Soares (U.S. Capital Markets).