International private equity firm Cinven has announced the sale of its investment in Italian pet care retailer Arcaplanet to Germany-based Fressnapf Group. Concurrently, Cinven will be making a strategic minority investment in Fressnapf. Cinven had acquired a majority stake in Arcaplanet in 2022 and successfully enhanced its operations by merging it with MaxiZoo Italia, formerly owned by Fressnapf. Under Cinven’s guidance, Arcaplanet expanded its brick-and-mortar stores to more than 560 and significantly boosted its digital offerings. Arcaplanet is forecasted to generate over 700 million euros in revenue by 2024. Fressnapf, a leading European pet supplies business with over 2,600 stores in 14 countries, aims to create a dominant omnichannel platform for pet care. The two companies share a strategic vision of growth through enhancing customer experience across both physical and digital channels. The acquisition and new investment underscore Cinven’s commitment to the pet care market and its strong relationship with Fressnapf founder and Chairman, Torsten Toeller. The terms of the acquisition were not disclosed and are subject to regulatory approvals.

Private Equity, Pet Care Retail,Italy, Germany, Europe

https://www.cinven.com/media/news/cinven-sale-of-arcaplanet-to-fressnapf-and-concurrent-minority-investment-in-fressnapf-group/