Axcel to Acquire Voff Premium Pet Food; Crescent Capital Provides Financing

CVC Acquires Majority Stake in Partner in Pet Food from Cinven

June 28, 2024

Food & Beverage

CVC Capital Partners (CVC) has agreed to acquire a majority stake in Partner in Pet Food (PPF), a pan‑European pet food manufacturer, with existing investor Cinven retaining a minority stake and continuing as a partner. PPF operates 12 production facilities across Europe, produced ~700k tonnes and generated approximately €800 million in 2023; the transaction is expected to close in 2024 subject to regulatory approvals.

Pinnacle Pet Group Acquires Veterfina’s European Pet Insurance Business

July 6, 2022

Insurance

JAB Holding Company’s Pinnacle Pet Group (PPG) has signed a definitive agreement to acquire 100% of the shares of Veterfina Verzekeringsmaatschappij N.V. and its European subsidiaries. The deal is expected to close in Q4 2022, subject to customary regulatory approvals, and financial terms were not disclosed. PPG plans to use growth equity to accelerate European expansion and roll out FIGO, JAB’s digital pet insurance offering, in select markets.

Audax Private Equity Acquires Veterinary Practice Partners from Pamlico Capital

December 6, 2021

Healthcare Services

Audax Private Equity has acquired Veterinary Practice Partners (VPP) from Pamlico Capital. The transaction transfers ownership to Audax while VPP's management team, led by CEO John McDonough, remains significant owners and will continue to run the business to support continued expansion of its co-ownership veterinary platform.

Bain Capital Acquires Valeo Foods from CapVest

May 10, 2021

Food & Beverage

Bain Capital Private Equity has agreed to acquire Valeo Foods Group from funds managed by CapVest. Valeo is a pan‑European ambient food company headquartered in Dublin with a portfolio including Jacobs, Kettle and Rowse, generating roughly €1.1 billion in annual net sales and employing over 4,000 people; Bain said it will seek to accelerate growth organically and via acquisitions. The transaction is subject to regulatory approvals and the financial terms were not disclosed.

H.I.G. Capital Acquires Brazilian Pet Food Manufacturer FVO

February 11, 2021

Food & Beverage

H.I.G. Capital completed the acquisition of FVO – Brasília Indústria e Comércio de Alimentos LTDA, a leading Brazilian pet food manufacturer with nationwide reach. The purchase gives H.I.G. a platform in the attractive Brazilian pet food market — FVO operates five production plants, nine distribution centers and serves all 27 Brazilian states.

Vibrant Foods (Exponent) Acquires Cofresh Snack Foods

June 30, 2020

Food & Beverage

Vibrant Foods, the UK ethnic foods platform backed by Exponent Private Equity, has acquired Cofresh Snack Foods (CSF), the owner of the Cofresh and Eat Real brands, for an undisclosed sum. The Patel family, selling shareholders, will reinvest as minority holders; the deal strengthens Vibrant Foods' portfolio across South Asian staples and fast-growing plant-based/free-from snacking to accelerate distribution and growth across the UK and Europe.