WebOct 26, 2024 · Citing documents released to investors, Bloomberg reports that the deal would recapitalize PetSmart with about $1.3 billion in equity and more than $4.6 billion in debt, valuing the total deal at... WebOct 23, 2024 · A group led by New York private equity firm BC Partners Inc. is looking to split up Phoenix-based PetSmart Inc. and Chewy Inc. amid a major recapitalization plan.
PetSmart scraps debt deal after investor push back
WebAug 2, 2024 · South Florida Sun-Sentinel. •. Aug 02, 2024 at 6:45 pm. Two more pet food producers have severed ties with Chewy.com since the Dania Beach-based company's acquisition by PetSmart. Two more pet ... WebJun 2, 2024 · By 2016, Chewy had nearly $900 million in revenue, and by 2024, the company had consumed 51% of online pet sales in the U.S., with revenues of approximately $2 billion. Petco and PetSmart both ... how to change flight date for free
PetSmart and Chewy are splitting three years after their …
WebOct 28, 2024 · PHOENIX — PetSmart, Inc. announced Oct. 26 plans to sell all shares of Chewy Inc. common stock and its related subsidiaries, … WebOct 23, 2024 · "The distribution of the rest of PetSmart's Chewy equity represents a major win for the sponsor," said Ben Briggs, a strategist at StoneX Financial. A representative for BC Partners declined to comment, while PetSmart and Chewy didn't immediately respond to requests for comment. ... "Private equity firm to split PetSmart, Chewy in US$6b … WebOct 23, 2024 · BC bought Chewy in 2024, in part by piling new debt onto existing portfolio company PetSmart, and then took Chewy public in mid-2024 while retaining almost total voting control. PetSmart would be recapped with $1.3 billion in new equity and its $4.65 billion of debt would be refinanced (with pro forma leverage decreasing from 3.5x/5,6x to … how to change flexiseal bag