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Pier 1, Dick’s Are Among Retail LBO Picks: Real M&A

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For private-equity investors who missed out on PetSmart Inc., there’s more where that came from.

BC Partners offered $8.6 billion for the pet-supplies chain last month, beating at least two other financial suitors to clinch the biggest leveraged buyout of 2014. The bidding war signals an appetite for more LBOs this year as firms seek to put record cash to work and take advantage of cheap debt financing while they still can.