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KKR SPAC Said to Mull Deal for PetSmart at $14 Billion Value

  • Pet supply chain would return to public market in transaction
  • BC Partners led group that took PetSmart private in 2015
Outside a PetSmart store in the Brooklyn borough of New York.
Outside a PetSmart store in the Brooklyn borough of New York.Photographer: Mark Kauzlarich/Bloomberg
Updated on

PetSmart is in talks to go public through a blank-check company backed by private equity firm KKR & Co., according to people familiar with the matter.

The pet supply retailer, backed by BC Partners, would be valued in the transaction at $14 billion including debt, said one of the people, who asked not to be identified because the information was private.