Meridia Private Equity I Invests in Kipenzi
Meridia Private Equity has invested a minority position in Kipenzi’s share capital, the leading, integrated pet care specialist in Spain and Portugal with a growing network of over 125 specialized pet stores, 75 veterinary clinics and 8 veterinary hospitals, and revenues in excess of €140 million. Alongside Javier Osa and Álvaro Gutiérrez, Co-Founders of Kipenzi, and the company’s current majority owner, TA Associates, Meridia Private Equity aims to continue accelerating Kipenzi’s growth via a capital injection in order to finance expansion levers across all business lines.
Javier Osa and Álvaro Gutiérrez, Co-Founders of Kipenzi, stated: “We are delighted to welcome Meridia Private Equity into Kipenzi’s shareholding alongside with TA and are convinced that they are a great partner to help us continue to materialize the company’s full growth potential in the coming years. Going forward, we aim to continue exceeding our development targets, which will be surely underpinned by the extensive experience in the retail and healthcare sectors and the strong focus on sustainable growth that Meridia Private Equity’s team brings”
David Torralba, Partner of Private Equity at Meridia Capital, commented: “Kipenzi’s integrated and diversified business model, impressive growth track record and outstanding management team make for an extremely compelling investment opportunity. We look forward to playing an active role helping Kipenzi fulfil its ambitious growth plans and consolidate its market leading position in Iberia.”
Meridia Capital’s Chairman, Javier Faus, said: “Meridia Private Equity’s investment in Kipenzi’s fits perfectly into our portfolio given our focus on prominent Spanish companies within the well-being and lifestyle space. We are confident that the Kipenzi – Meridia partnership will help the company and its extraordinary management team to continue delivering excellent growth and achieving its business goals”
Patrick Sader, TA’s Managing Director, and member of the Kipenzi board, added: “We are very happy to welcome Meridia into the capital of Kipenzi. Their deep knowledge of the Spanish market will further support the expansion of Kipenzi and will be a great addition to our strong partnership with Javi and Alvaro. We look forward to continue to grow Kipenzi in its various lines of business to consolidate its leadership in the Iberian market.”
Kipenzi is the leading, integrated pet care specialist in Spain and Portugal which operates a growing network of over 125 specialized pet stores, 75 veterinary clinics and 8 veterinary hospitals. Founded in 2007, Kipenzi is the market leader within its segment and currently employs over 1,300 people. As of fiscal year ended in March 2019, Kipenzi posted revenues in excess of €140 million.
Source: Meridia press release