On September 30, 2024, a significant filing with the United States Securities and Exchange Commission was made by BC Partners Holdings Limited, CIE Management IX Limited, Argos Holdings GP LLC, Argos Holdings L.P., and Citrus Intermediate Holdings L.P., collectively known as the Reporting Persons. The filing, an amendment to Schedule 13G, indicates that these entities collectively hold a substantial stake in Chewy, Inc., amounting to 246,525,803 shares of Class A Common Stock, which represents 60.44% of the company's issued share capital. This stake includes shares issuable in exchange for Class B Common Stock on a one-for-one basis. The Reporting Persons' beneficial ownership gives effect to the closing of a secondary public offering and the exercise of the underwriter’s overallotment...Show More

On September 30, 2024, a significant filing with the United States Securities and Exchange Commission was made by BC Partners Holdings Limited, CIE Management IX Limited, Argos Holdings GP LLC, Argos Holdings L.P., and Citrus Intermediate Holdings L.P., collectively known as the Reporting Persons. The filing, an amendment to Schedule 13G, indicates that these entities collectively hold a substantial stake in Chewy, Inc., amounting to 246,525,803 shares of Class A Common Stock, which represents 60.44% of the company's issued share capital. This stake includes shares issuable in exchange for Class B Common Stock on a one-for-one basis. The Reporting Persons' beneficial ownership gives effect to the closing of a secondary public offering and the exercise of the underwriter’s overallotment option as reflected in Chewy, Inc.'s Prospectus Supplement filed on September 20, 2024. The filing also details the complex structure of ownership and control among the Reporting Persons, with BC Partners Holdings Limited being the controlling shareholder of CIE Management IX Limited, which in turn has the power to appoint the majority of the board of directors of Argos Holdings GP LLC. This structure ultimately affects the control over the reported shares of Chewy, Inc.