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New Deal


Announced

Completed

Blackstone completed the acquisition of Rover Group for $2.3bn.

Financials

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Transaction Value£1,817m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium61%
One Off Charge-

Tags

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Domestic

Friendly

Single Bidder

Majority

Private Equity

Acquisition

Public

pet products

Consumer Services: Other

pet care

United States

Completed

Synopsis

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Blackstone, an alternative asset manager, completed the acquisition of Rover Group, an online marketplace for pet care, for $2.3bn. “The closing of this transaction is an important milestone in Rover’s history and marks the start of the next chapter in our story. We are excited to officially partner with Blackstone to leverage their resources and deep expertise to further our mission of making it possible for everyone to experience the unconditional love of a pet,” Aaron Easterly, Rover Co-Founder and CEO.

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