BC Partners and Investor Group Buy PetSmart
PetSmart, Inc., a pet retailer, has agreed to a deal to be acquired at US$ 83 per share in cash by a group of investors led by London-based private equity firm BC Partners, Inc. The transaction value is valued at approximately US$ 8.7 billion. Recently, BC Partners bought The Mergermarket Group, a global financial intelligence company, from the owner of the Financial Times. The offer is at nearly a 39% premium over the unaffected closing share price on July 2, 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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