BC Partners to Acquire PetSmart: What It Means for Mutual Fund Investors (PETM)

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

BC Partners to Acquire PetSmart: What It Means for Mutual Fund Investors (PETM)

petsmart storefront with logo
PetSmart announced on Sunday that it has agreed to be acquired by BC Partners. Here’s what the deal means for mutual fund investors.

Inside the Deal

Investors led by BC Partners have agreed to purchase PetSmart (PETM) for $8.7 billion, or $83 per share. This announcement comes almost four months after PETM announced that it was exploring the possibility of a sale.

This deal marks the largest private equity deal announced in 2014. Since the announcement of a possible sale, PETM’s share price has risen nearly 40%. The deal is expected to close in the first half of 2015.

Deals Continue

Private equity has been targeting the retail space over the past few years, and many of these deals have resulted in the repackaging of companies for future IPOs. If the PetSmart deal follows this trend, investors can expect to see another IPO in the next couple of years.

Mutual Funds to Watch

Investors interested in gaining exposure to PETM may also consider one of the funds listed below. The funds below currently own the largest stakes in PETM.

The Bottom Line

The funds above are a great way for investors to gain exposure to PETM while still remaining diversified. Investors interested in PETM may also be interested in VCA Inc (WOOF).

Shares of PETM are up 11% YTD.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next

petsmart storefront with logo

BC Partners to Acquire PetSmart: What It Means for Mutual Fund Investors (PETM)

PetSmart announced on Sunday that it has agreed to be acquired by BC Partners. Here’s what the deal means for mutual fund investors.

Inside the Deal

Investors led by BC Partners have agreed to purchase PetSmart (PETM) for $8.7 billion, or $83 per share. This announcement comes almost four months after PETM announced that it was exploring the possibility of a sale.

This deal marks the largest private equity deal announced in 2014. Since the announcement of a possible sale, PETM’s share price has risen nearly 40%. The deal is expected to close in the first half of 2015.

Deals Continue

Private equity has been targeting the retail space over the past few years, and many of these deals have resulted in the repackaging of companies for future IPOs. If the PetSmart deal follows this trend, investors can expect to see another IPO in the next couple of years.

Mutual Funds to Watch

Investors interested in gaining exposure to PETM may also consider one of the funds listed below. The funds below currently own the largest stakes in PETM.

The Bottom Line

The funds above are a great way for investors to gain exposure to PETM while still remaining diversified. Investors interested in PETM may also be interested in VCA Inc (WOOF).

Shares of PETM are up 11% YTD.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next