Cinven to invest in Fressnapf.

Cinven, a private equity investment firm, agreed to invest in Fressnapf, a German pet food retailer. Financial terms were not disclosed. “In Cinven, we have our partner of choice. A proven partner and a leading investor in high-quality businesses, with unique expertise in the pet care sector. I am delighted to welcome them as my first ever outside shareholder in the Fressnapf Group. My team and I look forward to partnering with them as the Group continues its successful journey,” Torsten Toeller, Fressnapf Chairman and Founder.