Senator Elizabeth Warren criticized a reported plan to take BC Partners’ PetSmart public through a blank-check company, saying the deal heightens previous concerns about the retailer and the process, Bloomberg reports.
BC Partners is mulling taking the pet supply retailer public through a special purpose acquisition company backed by private-equity firm KKR & Co. in a deal valued at $14 billion including debt, Bloomberg reported last month.
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.
