Largest #PE #LBO of 2014: $PETM // Transaction valued at $8.7B // $83/share cash // 9.1x #EBITDA


PHOENIX & NEW YORK–(BUSINESS WIRE)–Dec. 14, 2014– PetSmart, Inc.(NASDAQ:PETM) today announced that it has entered into a definitive agreement to be acquired by a consortium led by BC Partners, Inc. at a price of $83.00 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on July 2, 2014. The consortium includes Funds advised by BC Partners (“the BC Funds”), alongside several of its limited partners, including La Caisse de dépôt et placement du Québec (“La Caisse”) and StepStone. Longview Asset Management, which owns or manages approximately 9% of PetSmart’s outstanding shares has committed … Continue reading Largest #PE #LBO of 2014: $PETM // Transaction valued at $8.7B // $83/share cash // 9.1x #EBITDA