Meridia Capital Partners acquired a minority stake in Kipenzi from TA Associates.

Spanish private equity firm Meridia Capital Partners acquired a minority stake in Kipenzi, a Spain-based chain of animal product stores and portfolio company of TA Associates, from TA Associates. Financial terms were not disclosed. Meridia Capital’s Chairman, Javier Faus, said: “Meridia Private Equity’s investment in Kipenzi’s fits perfectly into our portfolio given our focus on prominent Spanish companies within the well-being and lifestyle space. We are confident that the Kipenzi - Meridia partnership will help the company and its extraordinary management team to continue delivering excellent growth and achieving its business goals”