Prince Capital sells Kiwoko to Corpfin

Corpfin also injected fresh capital into the firm to fund the opening of new stores. Kiwoko expects to open more than 70 stores in the next five years.

Prince Capital, a private financial institution investing in companies in the Asturian region, North West Spain, will retain a minority share in the firm. The investor is funded with regional capital and focuses on growth investments.

Corpfin manages funds of around €360m. The private equity house focuses on the acquisition of majority stakes in companies with EBITDA between €4-20m.

Company
Founded in 2007 and based in Madrid, Kiwoko is a pet care retailer operating in Spain. The firm, whose corporate name is Masquepet, currently employs 150 members of staff at 30 stores across five regions.

People
Alvaro Olivares is a partner at Corpfin and worked on the transaction. Alvaro Gutierrrez is CEO of Kiwoko.

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• Topics
• Southern Europe
• Consumer
• Buyouts
• Exits
• Spain
• Corpfin Capital
• Prince Capital Partners