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.
Headquartered in Italy, Arcaplanet was founded in 1995 by CEO, Michele Foppiani. Its first store opened in Chiavari, Liguria in 1998 and Arcaplanet is now present in 17 regions across Italy.
Headquartered in Germany, Fressnapf Group is a leading pet care provider in Europe, operating under the Maxi Zoo brand in more than 11 countries, including Italy.
Cinven will work in close strategic partnership with minority partner, Fressnapf Group, to capitalise on the growth opportunity at the Arcaplanet Group alongside management.
Source: Private Equity Wire
