International private equity firm, Cinven, has signed an agreement to acquire a majority stake in Arcaplanet, a pet care retail chain in Italy, from funds advised by Permira and Winch Capital Partners.
As part of the transaction, Cinven and Arcaplanet will jointly acquire Maxi Zoo Italia, the third largest pet care operator in the Italian market, and a subsidiary of Fressnapf Group. The combination of Arcaplanet and Maxi Zoo Italia (together ‘the Arcaplanet Group’) creates one of the leading pet care platforms in Italy, selling food and non-food products in c500 stores across Italy and online.
Cinven will work in close strategic partnership with minority partner, Fressnapf Group, to capitalise on the growth opportunity at the Arcaplanet Group alongside management.
Building on Cinven’s significant expertise in the pet care market through its investment in Partner in Pet Food, a leading European pet food platform and market consolidator, Cinven’s Consumer sector team worked closely with its Italian and German teams to create this unique transaction. Together, the Cinven teams originated and cultivated two attractive and complementary investment opportunities in Arcaplanet and Maxi Zoo Italia, culminating in the proprietary combination to form the Arcaplanet Group.
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