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Three Buyout Giants Vie for German Online Pet Food Retailer

  • Zooplus has backed a takeover offer from Hellman & Friedman
  • EQT, KKR now in discussions about a potential deal for Zooplus
   

Photographer: Benjamin Torode/Moment RF/Getty Images

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As the Covid pandemic and subzero interest rates leave investors scrambling for opportunities, three private equity giants are contending for a German online pet food retailer that has more than doubled in value this year. 

Zooplus AG confirmed Tuesday that it’s in talks with buyout firms KKR & Co. and EQT AB over a potential counteroffer to the 2.8 billion-euro ($3.3 billion) bid from Hellman & Friedman.