Rohatyn Group to sell pet care platform Pet Network
Private Equity firm A&M Capital Europe will acquire the omni-channel pet care platform in southeast Europe.
Pet Network operates across Croatia, Romania, Slovenia, Serbia and Bulgaria. It was created in 2018 through the acquisition and merger of three distinct businesses active in the pet supplies industry across southeast Europe: Pet Centar, which operates in Croatia, Serbia and Romania; Animax, which operates in Romania; and Mr. Pet, which operates in Slovenia. The origins of the group date back to 1999 when the first Pet Centar store was opened in Croatia.
Today the company operates more than 150 physical stores across five countries under the Pet Centar, Maxi Pet, Animax and Mr. Pet brands. Pet Network also operates various eCommerce channels as well as a growing offering of value-added services including veterinary pharmacies.
Ljiljana Markov Medugorac, CEO of Pet Network International commented: “The Rohatyn Group’s acquisition three years ago was an important milestone that helped us achieve rapid growth, add-on acquisitions, many new store openings, online expansion, an expanded own brands portfolio and countless other initiatives. Navigating through a global pandemic over the past year, we also expanded our operations to a new exciting market, Bulgaria.”
The transaction, terms of which were not disclosed, is expected to close in the third quarter of 2021.