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 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. Pet Network is based in Zagreb, Croatia.

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Buyer(S) 1

Buyer
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 17 of 33
Sector: Retail M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 11
Country: Croatia M&A 1 of 1
Year: 2021 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 AirLife

Grand Rapids, Michigan, United States

AirLife is the global leader in consumable breathing products, specializing in respiratory care, anesthesia, and patient monitoring solutions. AirLife was founded in 1981 and is based in Grand Rapids, Michigan.

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 M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Croatia M&A 1 of 1
Year: 2021 M&A 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 12
Sector: Retail M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 5
Country: Croatia M&A 1 of 1
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 VPS

Barendrecht, Netherlands

VPS is a marine fuel testing and advisory services company, which assists the global shipping fleet verify fuel and oil quality to meet environmental regulations. VPS provides its services globally through five strategically located laboratories, with samples shipped and tested from anywhere in the world. VPS services the global fleet, providing accurate testing and advice to ensure compliant, safe, and efficient voyages. VPS was formed in 1980 and is based in Barendrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 Octavius Infrastructure

Reigate, United Kingdom

Octavius Infrastructure is a specialist transport infrastructure and civil engineering business focused on railways and highways. The business is a tier one supplier to key public bodies such as network rail, national highways, and transport. Octavius Infrastructure is based in Reigate, United Kingdom.

Buy -