Japan Post seeks to break up and sell Australia’s Toll

Japan Post seeks to break up and sell Australia’s Toll

Japan Post plans to break up and sell parts of Toll Group, the Australian logistics business it bought in an ill-fated $5bn acquisition in 2015, according to people with direct knowledge of the talks. The Japanese company — whose interests span banking, insurance and...
BC Partners to Split PetSmart, Chewy in $6 Billion Recap Deal

BC Partners to Split PetSmart, Chewy in $6 Billion Recap Deal

Three years after saddling PetSmart Inc. with debt to acquire online rival Chewy Inc., a group led by private equity firm BC Partners is splitting them in two, betting that the companies will be better off on their own. The group plans to recapitalize PetSmart with...