Petz to acquire Petix for $13m.

Synopsis

Petz, a Brazilian pet retailer, agreed to acquire Petix, a dog potty pads manufacturer, for $13m. Petz may also pay an additional 10 million reais if Petix achieves certain performance metrics in 2023, 2024 and 2025, it added.

Principals

target

PETIX

bidder

PETZ

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Market Context

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Seller Team (1)

rogerio haddad

CEO at PETIX

Manager

target

Deal

£ 10 M

Total Value

Bidder Team (4)

thomas ayres

Associate at Paul Hastings

Lawyer

bidder

Deals

£ 1.26 B

Total Value

sergio zimerman

Founder and CEO at PETZ

Manager

bidder

Deal

£ 10 M

Total Value

jon kellner

Partner at Paul Hastings

Lawyer

bidder

Deals

£ 1.61 B

Total Value

filipe lima

Associate at Paul Hastings

Lawyer

bidder

Deals

£ 744 M

Total Value

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