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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Chewy's IPO Is a Big Day for the Pet Supply Company

PetSmart and its creditors eventually settled their dispute. They agreed that if chewy went public, any proceeds from that listing would be used to pay off PetSmart debt. Not much later, in June 2019, chewy made its public market debut. And it was a huge success as an IPO.

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