Keyhaven Capital announces exit from Pet Network as The Rohatyn Group agrees sale to A&M Capital Europe

• The Rohatyn Group has agreed the sale of Pet Network to A&M Capital Europe
• Keyhaven backed The Rohatyn Group’s acquisition of Pet Network in 2018
• The sale concludes three-year hold in line with Keyhaven’s secondaries strategy

Keyhaven Capital (“Keyhaven”), the specialist secondaries private equity firm dedicated to the European lower mid-market, today announces the successful exit from its investment in Pet Network, the leading omni channel pet care platform, following The Rohatyn Group’s (“TRG”) successful sale to A&M Capital Europe. Keyhaven backed TRG’s acquisition of Pet Network in 2018 as part of its longstanding relationship with the sponsor, with the sale concluding a three-year hold in line with its secondaries strategy.

Pet Network was created by TRG in 2018 through the acquisition and merger of three distinct businesses active in the pet supplies industry across southeast Europe: Pet Centar, which operates in Croatia, Serbia and Romania; Animax, which operates in Romania; and Mr. Pet, which operates in Slovenia. The origins of the group date back to 1999 when the first Pet Centar store was opened in Croatia. Today the company operates more than 150 physical stores across five countries under the Pet Centar, Maxi Pet, Animax and Mr. Pet brands. The company also operates various eCommerce channels as well as a growing offering of value-added services including veterinary pharmacies.

The transaction is expected to close in the third quarter of 2021 and will represent a significant exit for Keyhaven.

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Instinctif Partners
Nick Corrin / Ross Gillam
+44 20 7457 2020
nick.corrin@instinctif.com
ross.gillam@instinctif.com