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New Deal


Announced

Completed

General Atlantic and L Catterton led a £280m funding round in Butternut Box.

Financials

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Transaction Value£280m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Private Equity

Completed

Single Bidder

Food Products

dog food

United Kingdom

Cross Border

Private

Venture Capital

Friendly

Synopsis

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Private equity firms General Atlantic and L Catterton led a £280m funding round in Butternut Box, the UK-based fresh dog food company known for its innovative approach to pet food. "We are delighted to now partner with General Atlantic, who is an incredible investor and shares our long-term vision of developing the category of Fresh pet food across Europe. It is also fantastic to receive further support from our long-standing partner, L Catterton who we’ve been proud to work with for several years now and who also believes in the power of Fresh and that we are only really at the starting line. Most notably we are incredibly excited by what this investment will unlock for our customers (dogs and humans) in the years to come as we are nothing without them," Kevin Glynn, Butternut Box Co-Founder.

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