EdRip injects €15m into Mondial Pet

As part of the all-equity deal, Rothschild acquired a minority stake in the business in excess of 40% from the founding Pautassi family for €15m, according to press reports.

The company is keen on using the capital injection to expand geographically through the opening of new stores across the country in the next four years.

Company
Founded in 2013 and headquartered in Cuneo, Mondial Pet is a retail stores chain focused on pet products. The company operates 58 stores across Italy's north-west region.

According to a statement, the business posted a turnover of €42m in 2015 and expects to generate €50m in revenues this year, with an 8% EBITDA margin.

People
EdRip – Alexandre Foulon (partner).
Mondial Pet Distribution – Vittorio Pautassi (chair).

Advisers
Equity – Gianni Origoni Frippo & Partners (legal); New Deal Advisor (financial due diligence).
Vendor – Osborne Clarke (legal); Iccrea Banca (M&A).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Italy
• Rothschild