Pinnacle Pet Group Acquires Veterfina’s European Pet Insurance Business

July 6, 2022

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.

Buyers
Pinnacle Pet Group
Targets
Veterfina Verzekeringsmaatschappij N.V., Veterfina European subsidiaries
Platforms
Pinnacle Pet Group
Industry
Insurance
Location
Netherlands
Transaction Type
Addon

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