Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Pet Network International

Pet Network International

Vintage: April 2018

Sector: Consumer Goods

Location: Croatia, Serbia, Romania & Slovenia

Type: MBO, Buy and Build

Souter Role: Co-investor

Souter Director: No

Status: Current

Pet Network is a leading European omni-channel pet care platform.

Seeking to benefit from the strong global trends around pet humanisation and growing levels of pet ownership across southeast Europe, Souter backed The Rohatyn Group (“TRG”) to create Pet Network in 2018 through the acquisition and merger of three distinct pet supplies businesses - Pet Centar, Animax  and Mr. Pet.

Growth has been achieved through a combination of initiatives, including add-on acquisitions, multiple new store openings, online and omni channel expansion, and an enhanced own brands portfolio, transforming Pet Network into the leading pet care platform in southeast Europe, operating across Croatia, Romania, Slovenia, Serbia, and Bulgaria.

The sale of Pet Network by TRG to A&M Capital Europe was announced in July 2021. The transaction is expected to complete in Q3 2021.