Miura buys TiendAnimal stake

The investment was completed via Miura Fund II, which closed on its €200m hard-cap in September. Later in the month, the GP backed The Visuality Corporation, a virtual merchandising company. Having drawn down commitments for both deals, the vehicle now holds €150m in remaining capital.

Miura intends to grow the company's online operations in Spain and Portugal, as well as expand in France and Italy. The firm also plans to open new mega-stores in commercial centres across Spain.

Company
Founded in 2006 and based in Malaga, TiendAnimal sells branded and own-brand pet-care products, including food and hygeine items. The business employs 120 staff and achieved revenues of €30m in 2014.

People
Luis Segui is president of Miura; he took over from Juan Rosell earlier this year.

Advisers
Equity – PwC (Corporate finance); Rousaud Costas Duran (Legal).

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• Topics
• Southern Europe
• Consumer
• Expansion
• Spain
• Miura Private Equity
• PricewaterhouseCoopers