Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised international private equity firm Cinven on its agreement to acquire Partner in Pet Food (‘PPF’), a leading European pet food manufacturer, for an undisclosed amount.
Headquartered in Hungary, PPF is a market-leading pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Established in 1999, the company employs more than 1,400 people and produces more than 450,000 tons of pet food per annum, distributed across 38 countries in Europe.
The Freshfields team is being led by partners Adrian Maguire, Victoria Sigeti and Christopher Davis, who, earlier in 2018, led for Cinven on its sale of Northgate Public Services to NEC Corporation for £475m.
Previously, a team led by Adrian and Victoria advised Cinven on its acquisition of Kurt Geiger, the European footwear and accessories retailer, which is another of the private equity firm’s significant consumer sector investments.