Austria Pet Food GmbH, a manufacturer and supplier of private label dog and cat food, has received a majority investment from Pangea Investors LLP.
The investment values the company at approximately €25m.
The regional private equity fund BRM Burgenländische Risikokapital has taken a minority equity stake in the company, has provided mezzanine capital, and has led a consortium, which provided debt financing to support the transation.
Austria Pet Food intends to use the funding to grow organically and through acquisitions in the European pet care sector.
With manufacturing facilities in Austria and a focus on other central and eastern European countries, the company offers high quality private label products focusing on serving large international supermarkets, specialist pet food chains, and local retailers.
Austria Pet Food is currently building of a new state-of-the-art plant in eastern Austria.
Following the investment, Michael Hehn and Johan Hueffer, Managing Partners at Pangea Investors, will serve as members of the company’s shareholders’ committee.
FinSMEs
01/05/2012