ZAGREB (Croatia), July 16 (SeeNews) – US emerging markets asset manager The Rohatyn Group (TRG) has agreed to sell Southeast European pet care platform Pet Network International doo, which operates across Croatia, Romania, Slovenia, Serbia and Bulgaria, to private equity firm A&M Capital Europe (AMCE).
The value of the deal, which is set to close in the third quarter of 2021, was not disclosed in the joint statement released by the transaction parties on Thursday.
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Croatia-headquatered Pet Network operates more than 150 physical stores across five countries under the Pet Centar, Maxi Pet, Animax and Mr Pet brands, various e-commerce channels, as well as veterinary pharmacies. The company was set up by TRG 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.
London-headquarter AMCE, which is part of global multi-strategy private equity firm A&M Capital, manages 650 million euro ($766.9 million) of committed capital. Its investment portfolio includes companies such as La Patria, Bolle and H2optix, among others.
($1 =0.8475 euro)