PE firm Aliph Capital bought Dubai-based The Pet Shop with the aim to expand the business to neighboring countries in the Arab Gulf.
In addition to the buyout, Aliph Capital will inject significant growth capital into the company. The goal is to expand its presence across the UAE and consolidate its leading position in the pet space.
“The Pet Shop is a proven leader in a market ripe for consolidation, growth, and further tech enablement, and we look forward to assisting the company in its ambitious expansion plans,” said Farah Al Mazrui, Head of Investments at Aliph Capital.
As part of the takeover, the retailer is expected to enter other “fragmented regional markets.” These markets would include Saudi Arabia and Qatar, according to the company.
Founded in 2011, The Pet Shop is considered the largest omnichannel pet business in the country, comprising The Pet Shop, DubaiPetFood.com, and Petsville.
Petsville founder Amr Hazem will assume the position of CEO to lead business development and expansion.
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