BR Partners to Take Minority Holdings in Brazil’s PetCamp

BR Partners bets on the consolidation of the pet market

Brazil’s BR Partners (B3:BRBI11) announced today (25) the acquisition of a minority holdings in PetCamp, a Brazilian petshop chain that mainly operates in the interior of the State of São Paulo. BR Partners minority holdings in PetCamp is valued at approximately $20 million.

BR Partners will incorporate a new Equity Investment Fund (FIP) in order to manage the funds raised from its clients for its acquisition of a minority holdings in PetCamp.

The funds will be used to expand the store chain and to invest in technology. Completion of the deal is conditioned upon the verification of common precedent conditions in operations of this nature.

PetCamp is a company that operates through physical and digital channels in the retail and wholesale spaces. The company carries pet food products, veterinary drugs, hygiene and beauty products and accessories for pets. PetCamp further provides veterinary medical care services and pet bathing and grooming.

It seems that BR Partners is looking for growth opportunities and consolidation of the market in Brazil.

While in the United States the largest players (PetSmart, Petco and PetSupplies) represent 70% market share, in Brazil the three largest (Petz, Cobasi and PetLove) competitors account for only 14% of the market. The remaining is distributed among small shops throughout the country.

More About BR Partners holdings in PetCamp

In August investment funds Riverwood Capital, together with Tarpon Capital, SoftBank Group International, L. Catterton, Porto Seguro and Monashees, poured in $150 million into São Paulo-based digital platform for the pet market Petlove&Co in a transaction that called the attention of the market to a possible consolidation in the near future.

Beyond the Law.News was not informed of nor could it verify the name of the law firms representing or acting on behalf of the parties.