KKR SPAC Said to Mull Deal for PetSmart at $14 Billion Value (3)

PetSmart is in talks to go public through a blank-check company backed by private equity firm KKR & Co., according to people familiar with the matter.

The pet supply retailer, backed by BC Partners, would be valued in the transaction at $14 billion including debt, said one of the people, who asked not to be identified because the information was private.

Outside a PetSmart store in the Brooklyn borough of New York.

Photographer: Mark Kauzlarich/Bloomberg

KKR Acquisition Holdings I Corp., the special purpose acquisition company, raised $1.38 billion in its initial public offering last March to hunt for a deal in the consumer or retail industries. As with other SPAC ...