Cinven-backed Partner in Pet Food buys Doggy
Cinven-backed Partner in Pet Food has agreed to wholly acquire Doggy, a Swedish dog and cat food producer, from Lithuanian investment company NDX Group.
Unquote has learned that Cinven will be injecting some fresh equity into Partner in Pet Food to back the Doggy transaction.
Cinven acquired Budapest-headquartered pet food manufacturer Partner in Pet Food from Pamplona Capital Management in April 2018. The acquirer funded the transaction with capital from Cinven VI, which held a final close on €7bn in July 2016.
NDX Group acquired Doggy from Swedish agricultural group Lantmännen in 2015.
The transaction is expected to be completed in August, subject to customary regulatory approvals.
Company
Founded in 1903 and headquartered in Vårgårda, Doggy is the largest Swedish producer of pet food for cats and dogs, focusing on the premium segment with the Bozita, Doggy and Mjau brands. Doggy is also present in Germany, Poland, Russia and other markets. In 2019, the company had a turnover of €54m.
People
NDX Group – Andrejus Boicovas (chief financial officer).
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