Paul Hastings Advises Banks in Financing the $8.7 Billion Acquisition of PetSmart by a Consortium led by BC Partners, The Largest LBO of the Year

December 15, 2014
New York, NY- Paul Hastings LLP, a leading global law firm, is representing the banks in connection with the financing of the $8.7 billion purchase of PetSmart, the largest specialty pet retailer of services and solutions for the lifetime needs of pets, by a consortium led by BC Partners.

Citigroup, Barclays, Nomura, Deutsche Bank and Jefferies have committed to provide debt financing in connection with the transaction. The transaction, which is reportedly the largest LBO announced in 2014, is expected to close in the first half of 2015.

Leveraged Finance partners Mike Michetti, Jeffrey Pellegrino, Mario Ippolito, Leslie PlaskonJohn Cobb and Richard Farley are leading the Paul Hastings team. 

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