NDX Group UAB has signed an agreement to divest Agota AB (Doggy) to Partner in Pet Food, owned by Cinven Capital Management.
Founded in 1903, Doggy is the largest Sweden-based manufacturer of dry and wet pet food for cats and dogs. Doggy offers healthy and natural pet food with focus on premium and quality products, in eighteen markets. The Company is headquartered in Vårgårda, Sweden, employs approximately 190 people, and generated sales of SEK 572m in 2019.
The transaction is expected to be completed during the third quarter of 2020. The parties have agreed not to disclose the terms of the transaction.
Carnegie acted as sole financial adviser to NDX in connection with the transaction.