Apollo Funds To Make Strategic Equity Investment In PetSmart; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Apollo Funds is set to make a strategic equity investment in PetSmart. The terms of the deal have not been disclosed. BC Partners, GIC, and the PetSmart management team will remain the majority shareholders and retain control of the board.
July 24, 2023 | 10:01 pm
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Apollo Funds, managed by Apollo Global Management (APO), is making a strategic equity investment in PetSmart. The impact on APO's stock is uncertain as the terms of the deal are undisclosed.
Apollo Funds' investment in PetSmart could potentially bring in additional revenue for Apollo Global Management (APO), which could positively impact APO's stock. However, without the terms of the deal, it's difficult to predict the exact impact on APO's stock.
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