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New Deal


Announced

Completed

L Catterton completed a $60m investment in Drools Pe Food.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Food Retailers and Wholesalers

Private

Private Equity

Minority

Friendly

India

Acquisition

Completed

pet food

Cross Border

Single Bidder

Synopsis

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L Catterton, a consumer-focused investment firm, completed a $60m investment in Drools Pet Food, a local pet food company. "What truly differentiates Drools is its ability to manufacture high-quality products across the price ladder and make them available to pet parents via every relevant channel, be it online on Amazon or Flipkart, or offline in over 34k points of sale spanning specialty vet shops, veterinary clinics, and general trade stores. Its focus on product quality has helped it become a brand that has gained a reputation for providing high protein content at value-for-money price points, cultivating a very loyal base of customers. This is an exciting time to be entering the country's pet food market, which we believe is at an inflection point, and we look forward to working closely with the Drools team to further scale its business," Anjana Sasidharan, L Catterton Partner.

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