The Closer: Deals Change the World cover image

S2 E3: PetSmart & Chewy: A private equity turnaround story

The Closer: Deals Change the World

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How Raymond Spider and Ryan Cohen Built a Relationship With Raymond

Chewy is a growing, promising business but it's not yet a profitable one. Chewy founder Ryan Cohen and his early backers weren't ready to fully hand over his company to new owners. They realized that it was a hot commodity, it was growing quickly, and they wanted a big price. Raymond Spider saw it as what he called a make or buy decision.

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