Will Louch and James Fontanella-Khan report on BC Partners latest exit in the Financial Times:
*The IMA deal provides an exit for its current private equity backer BC Partners and marks the firm’s second sale in the past week after it agreed to offload a minority stake in US petcare retailer PetSmart to Apollo Global Management.
BC Partners will more than double its money on IMA after taking a 45 per cent stake in the company back in 2020, one of the people said.*
Read the full article [here.][1]
[1]: https://www.ft.com/content/0a9503f4-cf14-4eb0-8776-62584f4b8982?sharetype=blocked
