italian pets products retial chain Arcaplanet is targeted by six private equity counterparts, Il Sole 24 Ore wrote, The controlling shareholder Motion Equity Partners received expressions of interest from Permira, Cvc, Bc Partners, Ardian, Carlyle and a consortium made by TA Associates and Five Arrows, the latter being an investment veichle controlled by Rothschild. The auction is expected to close by mid-May and Permira is said to be the favourite bidder.
Arcaplanet, controleld by Motion Equity through the holding company Agrifarma, is said to be valued about 350 million euros after having gained 34 million euros in ebitda last year. Last October the company celebrated its 20th birthday and said that it would have reached 135 million euros in revenues in 2015 up 20% from 2014 (with 147 shops) and that it would target 210 million euros by 2017 with 200 shops (see here a previous post by BeBeez).
Founded in 1995 in Carasco (Genoa) by ceo Michele Foppiani, Arcaplanet has been controlled by Motion Equity Partners since 2010 when the private equity firm bought the company from Credem Private equity.
