PetSmart is in talks to go public through a merger with KKR Acquisition Holdings I, a SPAC backed by private equity firm KKR, Bloomberg reports.
The pet supply retailer, backed by BC Partners, would be valued at $14 billion including debt. KKR Acquisition Holdings I raised $1.38 billion in its initial public offering in March 2021 to pursue an acquisition in the consumer or retail industries. Read more.
