U.S. private equity company Hellman & Friedman said on Thursday it has matched a rival offer from Swedish private equity firm EQT AB to acquire Zooplus AG, one of Europe’s largest online pet supply retailers, for about $3.88bn.
Hellman & Friedman’s 470-euros-per-share offer for Zooplus comes after EQT topped an earlier 460-euros-per-share offer by the U.S. firm last month.
Free Webinar: Scaling up – Embarking on Digital Transformation in Private Equity
- How data analytics can create efficiencies within Private Equity
- The most beneficial ways for firms to digitise and what major risks that are involved
- How will digitisation affect the future of Private Equity
EQT on Wednesday published its offer document in relation to the deal, which has been welcomed by the management and supervisory boards of Zooplus.
Source: Reuters
Can’t stop reading? Read more
KKR-backed Optiv enters private debt talks as $1bn maturity wall looms
KKR-backed Optiv enters private debt talks as $1bn maturity wall looms KKR-owned cybersecurity...
Permira set for $3bn Golden Goose exit as HongShan circles Italian luxury brand
Permira set for $3bn Golden Goose exit as HongShan circles Italian luxury brand Permira is in...
CPE to invest $350m in Burger King China joint venture with Restaurant Brands International
CPE to invest $350m in Burger King China joint venture with Restaurant Brands International...