Motion reaps 5x on Arcaplanet exit to Permira

The fresh capital will enable the company to expand internationally. As part of the deal, Arcaplanet founder Michele Foppiani will remain in the company as CEO.

Following the transaction, the Permira 5 fund is now 72% invested.

Previous investment
In 2005, Credem Private Equity led a €4m round for the business. More recently, Motion acquired the company for around €45m in 2010, according to unquote" data. The GP reaped a 5x multiple following the exit to Permira.

Company
Arcaplanet is a pet store chain founded in 1995 and headquartered in Genoa. The business sells a range of products, including pet food, accessories and healthcare products. The company manages 150 stores and launched its online retail activity in 2014. It generated a turnover of €137m in 2015 and employs 600 people.

People
Permira – Fabrizio Carretti (partner).
Arcaplanet – Michele Foppiani (founder, CEO).

Adviser
Equity – Mediobanca (corporate finance); BNP Paribas (corporate finance); Fineurop Soditic (corporate finance), Vitale Associati (corporate finance); EY (financial due diligence); Bain & Company (M&A); UniCredit (debt); Bonn & Schmitt (legal); Giliberti Pappalettera & Triscornia (legal); Maisto & Associati (tax).
Vendor – Lazard (corporate finance); PwC (financial due diligence); OC&C (M&A); Luther (legal); Studio Pedersoli e Associati (legal); JustLex (legal); Loyens (tax); Chiaravalli Reali & Associati (tax).

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• Topics
• Buyouts
• Consumer
• Southern Europe
• Exits
• Italy
• Permira
• Motion Equity Partners