In light of the recent BC Partners-led acquisition of PetSmart.com for $8.7bn, Preqin provides a round-up of the largest private equity-backed buyout deals globally in the year so far. Although PetSmart, Inc. (NASDAQ:PETM) was the largest public-to-private transaction in 2014 year-to-date, the 3G Capital and Burger King Worldwide Inc (NYSE:BKW) add-on deal with Tim Hortons Inc. (NYSE:THI) (TSE:THI) and the Safeway Inc. (NYSE:SWY) merger with Albertsons were the two largest private equity-backed deals so far this year.
Private Equity-Backed Buyout Deals
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More