BC Partners $8.7 billion acquisition of PetSmart

11/3/2015
Acquisition finance, Private acquisition

$ 8.7 billion

Completed

11/3/2015


Overview:

  • BC Partners has acquired PetSmart in a $8.7 billion deal.
  • BC led a consortium of limited partner firms in the acquisition, including Longview Asset Management and StepStone.
  • The deal comes to $83 per PetSmart share.
  • When announced in December, 2014, it was the largest LBO of the year.
  • Citigroup Global Markets, Barclays, Deutsche Bank Securities, Nomura Securities International, Jefferies Finance, RBC Capital Markets and Macquarie Capital acted as joint lead arrangers and Citibank as administrative agent in connection with a $4.3 billion senior secured term loan and a $750 million senior secured ABL facility fused to partially finance the deal.

Kurt Stumpo - Journalist

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work
REGISTER NOW

Sign in