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Permira To Sell Arcaplanet To Cinven

Permira is selling Arcaplanet, an omnichannel pet care brand in Italy, to Cinven. As part of the transaction, Cinven and Arcaplanet will jointly acquire Maxi Zoo Italia, the third largest pet care chain in the Italian market and a subsidiary of Fressnapf Group.

Permira acquired Arcaplanet in 2016, and over the last five years Arcaplanet’s revenues and EBITDA respectively grew from €150mn and €20mn at entry to €400mn and €65mn expected for 2021.

Francesco Pascalizi, Partner and Head of Italy at Permira, said: “We would like to thank Michele Foppiani and the entire Arcaplanet team for their exceptional work in growing Arcaplanet over the past five years, delivering significant value. Arcaplanet has many of the traits that Permira targets in an investment, as a high-growth consumer platform with a growing online presence, and we are pleased that our partnership has continued our successful track record in the sector and enabled the sustainable growth of the company. Lastly, I would also take the opportunity to thank our co-investor, Winch Capital Partners, which, since the Fortesan acquisition, has been an excellent partner throughout this exciting value creation journey.”

BofA Securities and Mediobanca acted as financial advisors to the Permira Funds. Giliberti, Triscornia & Associati, EY, OC&C / LTP, Maisto & Associati also acted as advisors on the transaction.

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