Does BC Partners own PetSmart?
PetSmart was acquired in March 2015 in a public to private (PtoP) transaction by a consortium led by funds advised by BC Partners along with a number of Limited Partners.
How much did BC Partners buy PetSmart for?
PetSmart’s ownership stake in Chewy will transfer to BC Partners, which acquired PetSmart for some $8.7 billion in 2015.
Is PetSmart in financial trouble?
The pet goods retailer has more than 1,500 stores in the U.S., Canada, and Puerto Rico. In June 2018, PetSmart decided it needed restructuring advisors to handle its $8 billion debt problem. It won’t face debt maturities until 2022 according to Reuters. The root of the problems is the same as other stores.
Did PetSmart buy out Chewy?
PetSmart had acquired Chewy back in 2017 for about $3 billion but last year separated Chewy from its other businesses in preparations for the IPO.
Why did Chewy split from PetSmart?
However, PetSmart’s aggressive proposal did not entice buyers. “The purpose of splitting up the two companies is for PetSmart to divert value to its shareholders at the expense of its creditors by giving PetSmart’s shareholders direct ownership of Chewy shares (rather than PetSmart owning the shares).
Who is BC Partners owned by?
One of BC Partners-owned Migros Türk retail stores. The company is Turkey’s leading supermarket chain….Significant transactions.
| Year | Company Name | Description of BC Partners Transaction |
|---|---|---|
| 2011 | Com Hem | Largest LBO in Europe in 2011 |
Does PetSmart own Chewy 2021?
In 2017, Chewy was acquired by PetSmart for $3.35 billion, which was the largest ever acquisition of an e-commerce business at the time….Chewy (company)
| Type | Public |
|---|---|
| Owner | PetSmart (63.5%) |
| Number of employees | 18,500 (2021) |
| Website | chewy.com |
What does BC Partners stand for?
Baring Capital Investors Ltd.
The firm, founded in 1986 as Baring Capital Investors Ltd.
When was BC Partners founded?
1986
BC Partners/Founded
Founded in 1986, BC Partners is a leading alternative investment manager focused on private equity, credit, and real estate, with deep networks across Europe and North America.
Is PetSmart owned by Walmart?
PetSmart is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It is the leading North American pet company, and its direct competitor is Petco. Its indirect competitors are Amazon, Walmart, and Target….PetSmart.
| Formerly | PetFood Warehouse, PETsMART |
|---|---|
| Website | www.petsmart.com |
When did PetSmart get acquired by BC Partners?
Additionally, it has the largest pet services offering in the country, including grooming, training, boarding, and veterinary care. PetSmart was acquired in March 2015 in a public to private (PtoP) transaction by a consortium led by funds advised by BC Partners along with a number of Limited Partners.
What do you need to know about PetSmart?
PetSmart is seen as a destination for pet parents and their pets, with the widest in-store variety of pet products, including food, treats, toys, and accessories. Additionally, it has the largest pet services offering in the country, including grooming, training, boarding, and veterinary care.
When did PetSmart acquire the chewy brand?
In May 2017, PetSmart acquired Chewy. Read the Wall Street Journal article on BC Partners and PetSmart’s investment of Chewy. Best-in-Class Customer Service: customer service is at the core of the Chewy brand, and is a differentiator against all competitors.