Pet Valu Holdings Ltd. Announces C$150 Million Secondary Bought Deal Offering
MARKHAM, Ontario, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Pet Valu Holdings Ltd. ("Pet Valu" or the "Company"), the leading Canadian specialty retailer of pet food and pet-related supplies, has announced today that PV Holdings S.à.r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equity Cayman LP and Roark Capital Partners Parallel II AIV AG, L.P. (collectively, the "Selling Shareholders"), have entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets, Barclays and RBC Capital Markets to complete a secondary offering on a bought deal basis (the "Offering"). Under the agreement, the underwriters have agreed to purchase 4.02 million common shares of the Company at a purchase price of C$37.40 per common share for total gross proceeds to the Selling Shareholders of approximately C$150 million.