Leonard Green firm evaluating BJ’s takeover
New York City -- Information on Tuesday confirmed that private equity firm Leonard Green & Partners LP is considering an offer to acquire BJ’s Wholesale Club.
Leonard Green, which already as a 9.3% ownership stake in the wholesale club operator, said in an 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 selling itself.
Leonard Green recently bid $1.3 billion to acquire 99 Cents Only and $1.6 billion for Jo-Ann Stores. It was also part of a group that acquired J. Crew for $3 billion.