BC partners a British firm and PetSmart have undertaken a leveraged buyout. Search for material (newspaper articles or similar) that discusses the transaction.

• Summarise the transaction with special emphasis on capital structure.
• Who is the acquiring company?
  • Describe their business model & industry.
  • What is the nature of its industry? Is it a volatile industry? How is this related to its capital structure?
• Who is the target company?
  • Describe their business model & industry.
  • What is the nature of its industry? Is it a volatile industry? How is this related to its capital structure?
• How is the capital structure of the acquiring company affected by the transaction?
• Was the transaction successful? How did the acquiring company perform the in subsequent years after the trans
• Finally, write summary :
  • Why was this transaction successful/unsuccessful?
  • What are the key takeaways?
  • What would one do differently, if applicable?