Private equity groups Advent International and CVC Capital have teamed up to bid for Partner in
Pet Food (PPF), a maker of animal food owned by Cinven, the Financial Times reported on
Sunday.
The talks are ongoing although there is no certainty that a deal will be reached, the newspaper
reported, citing people familiar with the matter.
Cinven had previously sought a valuation of roughly 2 billion euros ($2.16 billion) for the business,
the report added.
Hungary-headquartered PPF was created via a series of acquisitions between 2000 and 2006. The
pet food maker operates across Europe, including France, Italy and Germany according to its
website.
https://www.reuters.com/markets/deals/advent-cvc-make-joint-bid-european-pet-food-business-owned-by-cinven-ft-reports-2024-03-24/
Don't miss out on the excitement! Reserve your spot at one of our upcoming events:
SCALE UP WITH WOLVES AND EUROPEAN CVC AWARDS
26 March 2024, Spielfeld Digital Hub, Germany + online
WOLVES SUMMIT CEE
8-9 May 2024, Copernicus Science Centre, Warsaw, Poland + online