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Announced

JAB Holding-backed Pinnacle Pet Group to acquire Veterfina.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Netherlands

Private

Friendly

Majority

Acquisition

insurance business

Full Line Insurance

Cross Border

Pending

Synopsis

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JAB Holding-backed Pinnacle Pet Group, a pan-European, fully integrated pet insurance & health services platform, agreed to acquire Veterfina, a pet insurance business. Financial terms were not disclosed. “We are thrilled to welcome Veterfina and its whole team to the Pinnacle Pet Group. Our ambition is to create the leading pet insurance platform globally, with the group benefiting from the knowledge and capabilities from each addition," Dirk Beeckman, PPG CEO.

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