Pets at Home is the UK’s No1 retailer of pet foods and products, primarily located in premium retail parks. The business was founded in 1991 and now has over 300 stores across the UK.
When it was acquired by Bridgepoint, Pets at Home had over 100 stores and employed 2,700 people. When it was sold to KKR in 2010, it operated over 250 stores, had over 4,500 employees, EBITDA had quadrupled, revenues had more than doubled, 1,500 jobs were created and €90 million of capital was invested in the business.
Bridgepoint had been attracted by its strong, established store portfolio and its significant rollout potential, attractive growth rates in the UK pet products market, impressive like-for-like sales growth, the ability to drive additional contribution from its existing business and the track record of its management team.
In 2010, Pets at Home was acquired by KKR for an undisclosed sum. This resulted in Bridgepoint achieving a 6.7x money multiple.
To learn more about the company, visit www.petsathome.com