CVC Acquires Majority Stake in Partner in Pet Food from Cinven
June 28, 2024
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.
- Buyers
- CVC Capital Partners (funds managed by CVC; CVC Capital Partners IX), Cinven (retaining minority stake)
- Targets
- Partner in Pet Food (PPF)
- Sellers
- Cinven
- Industry
- Food & Beverage
- Location
- Hungary
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.