CapVest Partners LLP has agreed to purchase Inspired Pet Nutrition (IPN) from private equity firm L Catterton.
Pet food maker IPN sells dry dog food and pet treats under the Harringtons and Wagg brands. CapVest invests in and grows companies supplying essential goods and services through acquisitions and scaling. “We are thrilled to partner with IPN to support them in their next phase of expansion. We believe IPN is optimally positioned in the resilient and growing pet food segment, which will benefit in the long-term from additional pet adoptions this year.” says CapVest partner Kate Briant.
Harris Williams is serving as financial advisor to IPN and DLA Piper as legal advisor. Rabobank and Lincoln International are acting as financial advisors to CapVest, while KPMG, Kirkland & Ellis, and CIL Management Consultants are serving as financial, legal, and commercial advisors respectively. Rothschild & Co. are assisting CapVest with debt advisory services.