Hints and tips:
...The IMA deal provides an exit for its current private equity backer BC Partners and marks the firm’s second sale in the past week after it agreed to offload a minority stake in US petcare retailer PetSmart...
...Earlier this year Petsmart, which is owned by BC Partners, went to court to defend a similar manoeuvre....
...The buyout firm, one of Europe’s largest and whose past deals have included estate agents Foxtons and pet-store chain Petsmart, will retain a stake of more than 60 per cent in Mergermarket after the deal...
...Of the 2014-15 vintage Petsmart had its credit rating downgraded three notches after it was bought by a consortium of investors led by BC Partners for about $8.7bn....
...Petsmart itself did not return calls seeking comment....
...Petsmart said it would consider shareholders’ opinions....
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