The sales process of the Arcaplanet group, a chain among the leaders in Italy of products and pet food, is at the end. According to the Sole 24 Ore, the Cinven financial group would have signed to sign the acquisition.
Lastly, the shareholder Permira, after receiving some unsolicited expressions of interest, had started a process aimed at the sale of the subsidiary, together with the advisors Mediobanca and Bofa Merrill Lynch.
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As anticipated by Il Sole 24 Ore last June 17, Cinven was immediately the most active subject on the dossier. Other private equity companies competing were Pamplona, Hellman & Friedman and Pai. The German Fressnapf, which owns Maxizoo in Italy, has also examined the dossier and an alliance between Cinven and the latter cannot be ruled out.
Arcaplanet was founded in 1995 in Carasco (in the province of Genoa) by the managing director Michele Foppiani. It is currently the brand owned by Agrifarma, in turn controlled by the Permira international fund. The latter has been present in the shareholding structure since 2016. Previously, Arcaplanet was controlled by other financial operators: first by Credem Private Equity and, subsequently, by Motion Equity Partners.
It could therefore be the fourth transition in recent years between financial investors. Zoomarketshop, Country Shop, Zoodom Italia and Fauna Food-Medivet were taken over in rapid succession. In recent years the numbers of the group have also increased. Arcaplanet closed 2019 with revenues of 306 million euros and an ebitda of 37 million.