Permira's Arcaplanet bolts on Zoomarketshop

According to a source familiar with the situation, the acquisition was entirely funded via an existing debt funding line. Arcaplanet acquired the business from the founding family.

The deal marks the first acquisition for the Permira-backed business after its acquisition from Motion Equity Partners in a deal valuing the business in excess of €300m in April 2016. As part of the deal, Motion reaped a 5x money return, while the company's founder and CEO, Michele Foppiani, retained a minority stake in the business.

Following the transaction, Zoomarketshop's 11 retail shops will operate under the new brand, Arcaplanet, which will reach a total of 176 retail shops under management. Currently, Arcaplanet has a headcount of 700 with a turnover of €136.9m and €6.4m EBITDA in 2015, according to press reports.

The company aims to boost its expansion through further bolt-on acquisitions and reach a total of 200 retail shops across the Italian market by the end of 2017.

Company
Headquartered in Cagliari, Zoomarketshop manages a chain of 11 retail shops, operating in the pet market. It employs a staff of 44 people.

According to local press reports, the business posted €7.3m in revenues and €732,000 of EBITDA in 2015.

People
Arcaplanet – Michele Foppiani (founder, CEO).

Advisers
Acquirer – LCA (legal); EY (financial due diligence).

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• Topics
• Portfolio management
• Consumer
• Southern Europe
• Italy
• Permira
• Build-up