Deals
Leonard Green, CVC Offer to Buy Warehouse Club Chain BJ’s
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Leonard Green & Partners LP offered to buy warehouse-club operator BJ’s Wholesale Club Inc., striving to add another chain to its growing list of retailers.
The buyout firm made the proposal with CVC Capital Partners, according to a regulatory filing today, which didn’t disclose the terms. Westborough, Massachusetts-based BJ’s began examining options in February, and Los Angeles-based Leonard Green expressed interest in a deal the next month.