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New Deal


Announced

JAB Holding Company-backed Pinnacle Pet Group to acquire HD Assurances.

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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Private Equity

Majority

pet insurance

Acquisition

Private

Cross Border

Single Bidder

Pending

France

Friendly

Full Line Insurance

Synopsis

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JAB Holding Company-backed Pinnacle Pet Group, a pan-European pet insurance, agreed to acquire HD Assurances, an animal health insurance broker. Financial terms were not disclosed. "Over the last 20 years, Hubert Derai has successfully created a pet insurance champion in Europe that truly puts pets first. We are thrilled that Hubert will remain with the company, allowing PPG and Assur O'Poil to continue benefiting from his leadership expertise, network and market insights," Dirk Beeckman, JAB pet insurance CEO.

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