Thursday, February 16, 2017

BJ’s Wholesale Club owners eyeing sale or IPO

Deli clerk Hatem Halabi gets rotisserie chickens ready at the Northborough BJ's.The private equity firms that own Westborough-based BJ’s Wholesale Club are considering selling the retailer or taking it public, the Wall Street Journal reported on Tuesday.

The firms, CVC Capital Partners and Leonard Green & Partners, are now hiring investment bankers to explore the options, the Journal reported, citing anonymous sources. An IPO would come in the second half of 2017, one source reportedly said. . . . more

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