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Warren Admonishes BC Partners as It Weighs PetSmart SPAC Deal

  • Senator says questions remain on worker, pet, treatment
  • BC Partners Chair Svider calls its practices ‘best-in-class’
Senator Elizabeth Warren

Senator Elizabeth Warren

Photographer: Ken Cedeno/Reuters/Bloomberg

Senator Elizabeth Warren criticized a reported plan to take BC Partners’ PetSmart public through a blank-check company, saying the deal heightens previous concerns about the retailer and the process.

BC Partners is mulling taking the pet supply retailer public through a special purpose acquisition company backed by private-equity firm KKR & Co. in a deal valued at $14 billion including debt, Bloomberg reported last month.