Investor-backed Assisi Puppy Care in the United Kingdom has snapped up Poland-based Maced, a producer of air-dried canine snacks.
Circle of relatives-run Maced, which gives shops with its personal manufacturers and personal label within the Eu Union, america and Russia, turns into the newest acquisition for Nottingham-headquartered Assisi.
Assisi CEO Peter Mangion arrange the trade in 2020 in a “buy-and-build” three way partnership with Harwood Non-public Fairness in London. It has since long gone on to obtain UK-based Hollings Ltd. (2020), a provider of herbal canine treats, and any other UK company, The town and Nation Petfoods (2021), which makes cat and canine meals and snacks beneath the Hello-Existence emblem.
Mangion mentioned in a LinkedIn posting the deal for Poznań-based Maced takes Assisi’s revenues to round EUR60m (US$68.1m) with an worker headcount of 300 unfold throughout 5 amenities.
“Maced is a number one provider of herbal canine treats to the Eu marketplace, with vital marketplace stocks in Poland and Germany. Together with its present UK marketplace proportion, this transaction signifies that Assisi is now a big participant in Europe’s three-biggest markets for spouse canines,” Mangion mentioned.
The Polish trade was once arrange in 1993 and has been a big provider to Hollings “for greater than two decades”, in keeping with a separate commentary.
Crescent Capital Staff, an funding company in Los Angeles, has supplied an undisclosed quantity of financing, in part to fund the Maced deal.
Thru its “Eu Strong point Lending technique”, Crescent has “supplied financing to strengthen Harwood Non-public Fairness’s refinancing of Assisi”, the commentary learn, including the “financing package deal features a sizeable acquisition facility to permit Assisi to proceed its acquisitive expansion technique”.
Christine Vanden Beukel, a managing director and head of Crescent’s Eu Strong point Lending technique, mentioned: “On account of the transaction and with Crescent’s financing strengthen, Assisi Puppy Care will be capable to acquire extra keep an eye on over its production procedure and additional build up the corporate’s geographical diversification and protection throughout all main Eu pet-food markets.
“Crescent specialises in operating with forward-thinking sponsors like Harwood on cutting edge financing transactions to strengthen the expansion in their portfolio firms.”
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