Pets has been a growth story private equity firms and public equity markets have been all over for a while, but only accelerated by travel restrictions, lockdowns, office workers filing from home and an all-round quiet lifestyle.
Tonight we reveal which red-hot pet food producer has been in discussions with potential private equity and trade buyers in Australia, New Zealand and offshore, and talking about a $400 million-odd deal.
The company in question is understood to be advancing discussions with one prospective trade buyer, one of the biggest dairy companies in China.
Richard Branson’s Virgin Group is set to take about a 5 per cent stake in Virgin Australia, as part of a new agreement with incoming owner Bain Capital.
