Pets at Home aims to go public

British media sources are expecting the flotation of the UK chain Pets at Home to take place in the first quarter of this year. The company’s proprietor, private equity firm Kohlberg Kravis Roberts (KKR) has instructed Goldman Sachs, Bank of America Merrill Lynch, Nomura and its own team to lead the float. Pets at Home has over 350 stores across the UK and employs over 6 000 staff. Last year it achieved record revenues of £598.3 mio and topped £100 mio profits for the first time. It is expected that the stock exchange flotation will finance further expansion of the company. Most recently Pets at Home has acquired the equestrian store chain Ride-Away and Vets4Pets, a chain of 93 vets.