The $30 Billion Kitty: Meet The Investor Who Made A Fortune On Pet Food

<p>In 2017, Raymond Svider, the chairman of private equity firm BC Partners, was looking for a way to save his firm's biggest investment, the brick-and-mortar pet food retailer PetSmart, which was flailing. He had his sight set on acquiring online pet food retailer, Chewy, which, though not profitable, wasn’t burning cash as it grew rapidly. Most importantly, it was beating Amazon in its niche. For Svider, it was the perfect way to burnish his troubled bet on PetSmart.</p>