M&A Deal Summary

Petlove Acquires Nofaro

On March 8, 2022, Petlove acquired insurance company Nofaro

Acquisition Highlights
  • This is Petlove’s 1st transaction in the Insurance sector.
  • This is Petlove’s 1st transaction in Brazil.

M&A Deal Summary

Date 2022-03-08
Target Nofaro
Sector Insurance
Buyer(s) Petlove
Deal Type Add-on Acquisition

Target

Nofaro

Porto Alegr, Brazil
website
Nofaro is an online pet-health company. Nofaro is based in Porto Alegr, Brazil.

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Buyer(S) 1

Buyer

Petlove

Sao Paulo, Brazil

website


Category Company
Founded 1999
Sector E-Commerce
DESCRIPTION

Petlove is an online pet shop with a portfolio of more than 15,000 pet products, including its own and exclusive brands, and also offers a complete pet retail platform. Petlove has a subscription service for pet products that, among other benefits, offers a 10% discount on all products, online service with veterinarians, and deliveries. The Company also acts as a technology provider for the Brazilian pet market, with more than 2,000 partners, including doctors, veterinary clinics, hospitals, and petshops. With technologies such as the pet profile, petlove fulfills its mission of making its customers' lives more convenient by bringing together in one place specialists, products, and tips to take care of what really matters the happiness of pets. Petlove was founded in 1999 and is based in Sao Paulo, Brazil.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2022) 1 of 1