Chewy, Inc sold by Argos Hodings: $501.22m-Apr 12
Chewy, Inc. is an online seller of branded and private-label pet food and grooming supplies. The Company's brands include A Pet Hub, A&E Cage Company, ABO Gear, Acurel, Addiction, Advance, Advantage, Apocaps, Atopia, Audbudon Part and Ark Naturals. The Company's product offerings by categories include tablet, chewable tablet, solution, capsule, injectable, suspension and ointment. The Company offers over 1600 brands with its operation in 13 locations. The Company offers its products and services through its Website and mobile applications. Number of employees : 18 500 people.
https://www.marketscreener.com/quote/stock/CHEWY-INC-59660076/company/
Argos Holdings is a holdco of BC Partners
from yesterday and moar "shit we gotta get outta some of this shit before it all goes tits up"
Chewy Whipsaws After BC Partners Is Said to Sell Shares
Chewy Inc. bounced in New York trading on Tuesday after a person familiar with the matter said BC Partners, its private-equity sponsor, sold about $500 million of the stock in an overnight block trade. The unregistered trade of 6.1 million shares was priced at $82.50 each through Morgan Stanley, the person said. That was a 1.8% discount to Monday’s close. Chewy fell by as much as 2.1% in premarket trading, but finished the regular session up 4%. Tuesday’s gains add to a post-earnings rally in the online retailer of pet products. Chewy has now gained 8.7% since forecasting 2021 sales on March 30. The undisclosed stock offering launched on Monday after the market closed, Bloomberg previously reported.
https://finance.yahoo.com/news/chewy-falls-bc-partners-said-121922022.html
BC Partners is a British international investment firm with over $40 billion of assets under management across private equity, credit and real estate in Europe and North America. Its global headquarters are in London. The firm invests across all industries. BC Partners was founded in 1986 and has offices in New York, Paris, Milano and Hamburg. Since inception, BC Partners has completed 113 private equity investments in companies with a total enterprise value of €145 billion. As one of the largest European private equity firms, BC Partners competes for buyouts and investment opportunities with other large cap private equity firms including Blackstone Group, KKR, CVC Capital Partners, Advent International and The Carlyle Group. The firm raised its eighth fund in 2005, which at the time made it the largest European buyout fund. Raised in less than five months, the fund was heavily oversubscribed. Investors in previous funds supplied 90% of the capital. The firm's most recent fund, BC Partners X, was one of the largest buyout funds raised in 2018. Despite its large size, the firm is known for its operational efficiency, boasting an incredibly high amount of assets under management per investment professional. BC Partners was until recently majority shareholder of Intelsat, the global satellite services provider valued at US$16.6 billion in its leveraged buyout in 2007—one of the largest private equity buyouts of all time led by a consortium of investors including BC Partners and Silver Lake Partners. In 2008, BC Partners replaced Intelsat's chairman with Raymond Svider, BC's New York-based co-chairman. Sometime between 2008 and 2018, BC Partners sold all of Intelsat to the company.
https://en.wikipedia.org/wiki/BC_Partners
https://www.bcpartners.com/
https://finviz.com/insidertrading.ashx?oc=1778154&tc=7&b=2