December 14, 2014 / 9:31 PM / 5 years ago

BC Partners to acquire PetSmart for $8.7 billion

Dec 14 (Reuters) - Pet supply retailer PetSmart Inc said on Sunday it had agreed to sell itself to a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year.

PetSmart said BC Partners, as well as co-investors that include La Caisse de dépôt et placement du Québec and StepStone, have signed an agreement to buy the company for $83 per share. Longview Asset Management, which has a 9 percent stake in PetSmart, will roll a third of that into the deal. (Reporting by Greg Roumeliotis in New York; Editing by Paul Simao)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below