Partner in Pet Food ("PPF"), one of Europe's leading pet food producers, has been acquired by Pamplona Capital Management ("Pamplona"), a global private equity investment firm. Clearwater advised the management of PPF on the deal which is worth €315m.
PPF is one of Europe's largest producers of private label wet and dry pet food, supplying the continent's top retailers across 37 countries.
Pamplona is backing PPF's current management team led by CEO Attila Balogh, who will become Executive Chairman, and will continue to invest in the business to support organic growth. The business plans to accelerate product innovation across both its private label and branded offerings and will also look to grow through further innovations and acquisitions in both Western and Central Europe. Pamplona has a strong track record of investing long-term capital in market-leading companies that are managed by exceptional management teams.
