M&A Deal Summary

Alvarez & Marsal Capital Partners Acquires Pet Network

On August 23, 2021, private equity firm Alvarez & Marsal Capital Partners acquired retailer Pet Network from The Rohatyn Group and Souter Investments Limited

Acquisition Highlights
  • This is Alvarez & Marsal Capital Partners’ 2nd transaction in the Retail sector.
  • This is Alvarez & Marsal Capital Partners’ 1st transaction in Croatia.

M&A Deal Summary

Date 2021-08-23
Target Pet Network
Sector Retail
Buyer(s) Alvarez & Marsal Capital Partners
Sellers(s) The Rohatyn Group
Souter Investments Limited
Deal Type Secondary Buyout

Target

Pet Network

Zagreb, Croatia
Pet Network offers its customers a best-in-class range of thousands of pet products, available both in physical stores and online, as well as other services such as grooming and veterinary care. Pet Network is a European pet care retail group of companies, currently operating in South-Eastern Europe. The company is in Croatia, operating under the brand Pet Centar, in Romania, operating under the brands Animax and Maxi Pet, in Slovenia, operating under the brand Mr. Pet, in Serbia, operating under the brand Pet Centar.

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Buyer(S) 1

DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 13 of 21
Sector (Retail) 2 of 2
Type (Secondary Buyout) 5 of 9
Country (Croatia) 1 of 1
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Nevada Heart & Vascular Center

Las Vegas, Nevada, United States

Nevada Heart & Vascular Center is a cardiovascular group in the Southern Nevada/Las Vegas region that offers both noninvasive and invasive procedures and operates an imaging center. Nevada Heart & Vascular Center is based in

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 ettain group

Charlotte, North Carolina, United States

ettain group, Inc. is a talent solutions firm that delivers Recruitment Services and Managed Services in three practice areas: IT, Healthcare IT, and Digital Creative. From discovery to execution, ettain helps clients successfully design, develop, and deliver critical technology and business initiatives, from providing individual resources, to staffing and managing critical programs and projects, to running entire recruitment processes. Founded in 1996, with nearly 1,300 employees and consultants currently at work, ettain offer opportunities across North America, with offices in Charlotte, Dallas, Minneapolis, Nashville, Raleigh, Washington, D.C., and Winston Salem.

Sell $925M

Seller(S) 2

DESCRIPTION

The Rohatyn Group is a multi-strategy asset management firm focused on emerging markets. The Firm's investment areas include private equity, infrastructure, fixed income, currencies, forestry, and agriculture. Rohatyn's private equity group looks to invest alongside entrepreneurs, families and management teams in middle-market businesses that benefit from increasing levels of disposable income, improved access to healthcare and education, and increasing connectivity to developed markets. The Rohatyn Group was formed in 2002 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (Croatia) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Optimapharm

Zagreb, Croatia

Optimapharm is a clinical research organization. Optimapharm was founded in 2005 and is based in Zagreb, Croatia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Leader 96

Plovdiv, Bulgaria

Leader 96 is a producer of e-bikes in Europe with sales across the continent. Leader 96 produces a broad range of e-bikes including touring, trekking, mountain, folding, and gravel bike models. Leader 96 was founded in 1996 and is based in Plovdiv, Bulgaria.

Buy -
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 7 of 10
Sector (Retail) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (Croatia) 1 of 1
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Celtic

Cornwall, United Kingdom

Celtic & Co. designs and creates enduring contemporary pieces using the finest natural fibres that are renewable, sustainable and a pleasure to wear. Celtic & Co. was founded in 1990 and is based in Cornwall, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Broadway

Liverpool, United Kingdom

Broadway serves the connectivity needs of rural communities across the UK by deploying the pioneering TV WhiteSpace technology. The company has developed network coverage across large swathes of monmouthshire in Wales, and in ayrshire, perth & kinross, inverness-shire, and stirlingshire in Scotland. With an initial fixed wireless focus, broadway has incorporated full fibre into its technology toolkit, allowing it to offer the most appropriate technology wherever it goes. Broadway was founded in 2016 and is based in Liverpool, United Kingdom.

Sell -