Leonard Green & Partners and CVC Capital Partners have teamed up to buy warehouse club chain BJ’s Wholesale Club, Bloomberg reports. The financial terms of the transaction were not disclosed. The newly created entity will be jointly controlled by Leonard Green, while CVC Capital will buy all of the outstanding common shares of BJ’s via merger, adds RTT News. Leonard Green already owns a 9.3% stake in BJ’s owning 5.10 million shares.
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