Cinven news
Summary
The combination created the Arcaplanet Group, one of the largest omnichannel pet care retailers in Italy and across Southern Europe.Under the leadership of CEO, Nicol\xf2 Galante, and Chairman, Peter Pritchard, Arcaplanet Group has seen a material acceleration of performance over the last two years under the ownership of the Cinven funds, growing its physical store network to more than 560 locations in Italy today, and improving its digital presence and suite of services dedicated to pets, with a strategy focused on creating a seamless omnichannel customer experience. Our experience in the sector, built through Cinven funds investments such as PPF and Arcaplanet, allows us to be a value-added partner to one of Germanys most successful retail entrepreneurs, and to help him achieve his vision and ambitions for Fressnapf. Their relentless focus on superior and passionate customer experience, combined with investment in the acceleration of digital capabilities, has created significant growth and value all while providing support to the local communities where the company operates. My team and I look forward to partnering with them as the Group continues its successful journey.I am very proud of what we achieved at Arcaplanet, which is considered today one of the best performing and most innovative pet retailers. My team and I look forward to continuing our partnership with Torsten, Peter, and the Cinven and Fressnapf teams.The terms of the acquisition have not been disclosed and the transaction will be subject to customary regulatory and antitrust approvals.