UPDATE 2-Toys R Us likely to file for IPO imminently-source

* Toys R Us owned by Bain, KKR, Vornado Realty

* Private equity have owned company since 2005

* IPO could raise around $1 billion – source
(Adds details about size)

By Megan Davies

NEW YORK, May 27 (BestGrowthStock) – Private equity-backed retailer
Toys R Us [TOY.UL] is likely to file for an initial public
offering imminently, a source familiar with the situation said
on Thursday.

An IPO by the toy retailer has been long expected, and
sources told Reuters last month that the retailer was being
considered for an IPO. [ID:nN09251560]

Toys R Us was bought by Kohlberg Kravis Roberts & Co
(KKR.AS: ), Bain Capital and Vornado Realty Trust (VNO.N: ) in 2005
for $6.6 billion.

A filing could be as early as tonight, the source said,
adding that was not certain and things could change.

A separate source familiar with the situation said the size
of the IPO could be around $1 billion.

The window for private equity exits reopened late last year
after a long drought during the financial crisis, but the rocky
markets over the past month have hurt companies’ plans to list.

Among the private equity-backed companies that have been
taken public are KKR’s discount shopping chain Dollar General
(DG.N: ), which floated in November.

Hospital operator HCA Inc, backed by Bain and KKR, earlier
this month filed for an IPO of up to $4.6 billion, the biggest
buyout-backed offering since the financial crisis began nearly
three years ago.

Other IPOs are waiting in the wings, such as Nielsen, the
world’s largest TV and consumer measurement company, which is
owned by a consortium including Carlyle [CYL.UL], Blackstone
Group (BX.N: ), a source has told Reuters.

Earlier this year, Toys R Us posted higher fourth-quarter
earnings as strong toy sales offset weak demand for video games
in the holiday shopping season.

Toys R Us was not immediately available for comment. Bain
and KKR declined comment. Vornado was not immediately available
for comment.

Stock Investing

(Reporting by Megan Davies; Editing by Steve Orlofsky and
Lincoln Feast)

UPDATE 2-Toys R Us likely to file for IPO imminently-source