Rival bidders EQT, Hellman & Friedman team up to raise Zooplus bid to €3.7bn | AltAssets Private Equity News
Summary
Global buyout giants Hellman & Friedman and EQT have teamed up to launch an improved cash offer for German online pet supplies retailer Zooplus at a value of €3.7bn. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter Zooplus’ management and supervisory boards strongly recommended shareholders to accept the latest offer. The company’s share price had rose 72% since Hellman launched its first offer in August. The improved offer drove fellow buyout major KKR out of the running for the potential takeover. EQT soared to a €15.6bn final close for its ninth flagship fundraise in April, beating even its hard cap after successfully navigating the Covid-affected capital raising market.
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Hellman & Friedman, 2bCrowdFunded Digital Magazine, EQT
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Fintech & Banking
applications
Accounting and Taxes
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