Caisse de dépôt joins BC Partners-led acquisition of PetSmart
PetSmart Inc, a U.S. specialty pet retailer, has completed its previously announced acquisition by a private equity consortium led by BC Partners. In late 2014, Reuters estimated the deal's value at about US$8.7 billion. Other investors in the consortium included Canadian pension fund manager the Caisse de dépôt et placement du Québec, StepStone and Longview Asset Management. Concurrent with the transaction, Michael Massey was appointed as PetSmart's new president and CEO, replacing David Lenhardt. The company has its headquarters in Phoenix, Arizona.
11 March 2015•7 mins read
