Private equity group Bridgepoint has drawn up a shortlist of investment banks to conduct a possible £600m sale or flotation of Pets at Home, Britain’s biggest pet retailer. The Sunday Times

Citigroup, Goldman Sachs, UBS and NM Rothschild are preparing to pitch for the mandate within the next three weeks.

Bridgepoint bought Pets at Home for £230m in 2004.

Separately, it has emerged that discount clothing chain Peacocks has received at least three unsolicited approaches after appointing Goldman Sachs to carry out a strategic review of its options earlier this year.

The business is valued at about £800m.