Apollo funds to make strategic equity investment in petsmart

Phoenix and new york, july 24, 2023 (globe newswire) -- petsmart (or “the company”), a leading omnichannel pet retailer in north america, announced today that funds managed by affiliates of apollo (nyse: apo) have entered into a definitive agreement to make a strategic equity investment in the company. bc partners, alongside co-investors including gic and the petsmart management team, will remain the majority shareholder of petsmart and retain control of the board.
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