EPISODE · Sep 4, 2026 · 17 MIN

When an Add-On Outpaces the Platform: BC Partners' Chewy Takeover

from The Private Equity Podcast: Business Buyouts, Deals, LBOs, M&A, Investing, Portfolio Companies, and Exit Strategies · host Podily

The episode dissects how BC Partners, through PetSmart, acquired Chewy in 2017 and turned a retail add‑on into an independent e‑commerce juggernaut that later IPO’d at $9 billion. It explores the leveraged buyout structure—high debt, sponsor equity, management rollovers—operational shifts, valuation drivers, and the eventual spin‑off exit, illustrating key lessons in sourcing, leverage, and portfolio construction. Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode metadata supplied by the publisher feed · Published Sep 4, 2026

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When an Add-On Outpaces the Platform: BC Partners' Chewy Takeover

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This episode was published on September 4, 2026.

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