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The Boston Globe reports that two private equity firms, Leonard Green & Partners LP and CVC Capital Partners, have made a joint bid to acquire BJ’s Wholesale Club.

The offer was disclosed in a filing with the US Securities and Exchange Commission (SEC), but the size of the bid was not revealed. BJ’s said it would consider selling the company last February, and hired Morgan Stanley to advise it during the process. Leonard Green already owns a 9.3 percent stake in the company.

According to the story, analysts say that “taking the company private would allow BJ’s to expand beyond the Northeast and Southeast, where it has about 185 stores.” To date, the company has not seemed interested in taking on either Costco or Sam’s Club on a national basis.
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