PetSmart Bought For $8.7B Amid Declining Sales
British firm BC Partners, Inc. bought the pet supplies company in an accepted deal Sunday night.By Matt Moreno | December 15, 2014
The biggest private equity deal of 2014 involves little toy poodles.
PetSmart agreed to a $8.7 billion buyout late Sunday night to a group led by British firm BC Partners, Inc. The investment group is paying $83 in cash per share, roughly 39% more than the company's price on July 2. (Video via PetSmart)
In Mid-August, not long after those July numbers were released, Investor Jana Partners announced the company planned to explore a sale.