Announced
Completed
Financials
Tags
Single Bidder
Friendly
Minority
Completed
Private Equity
Acquisition
Specialty Retailers
pet stores
Brazil
Private
Synopsis
L Catterton, a private equity firm, completed the investment in Petlove, a Brazilian online pet shop. Financial terms were not disclosed. This partnership will strengthen Petlove's transformation and accelerate the company's technological advancement to drive offline to online consumption across Brazil. "We are pleased to welcome L Catterton, and believe their investment is a testament to the hard work of the entire Petlove team, especially during this time of heightened uncertainty. With extensive experience across the pet category, a successful track record of building leading e-commerce businesses, and a deep understanding of the Latin American consumer, L Catterton is a strong partner and will help us fuel Petlove's continued growth," Pedro Faria, Petlove Chairman.
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