Advent International Exits Partner in Pet Food to Pamplona Capital Management (CEE and CIS)

Source: Advent International, Pamplona Capital Management, Unquote

Global private equity firm Advent International has sold Partner in Pet Food (PPF), a Hungary-based pet food company, to global private equity firm Pamplona Capital Management for EUR315 million (approximately US$339 million). Pamplona’s investment was structured through its Pamplona Capital Partners IV fund. Advent initially acquired PPF through a carve-out from Provimi Group, a global animal nutrition company, in 2011, structuring the deal through the Advent Central & Eastern Europe IV fund. The transaction is subject to antitrust approval and consultation with PPF’s works council.