Deals
Cinven Picks Banks for Sale of €2 Billion Pet Food Maker
- PE firm working with BofA, Goldman on Partner in Pet Food sale
- Pet-care market expected to hit almost $500 billion by 2030
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Cinven has picked Bank of America Corp. and Goldman Sachs Group Inc. to work on a potential sale of Partner in Pet Food, people with knowledge of the matter said.
The private equity firm is in the early stages of exploring a sale of the Hungary-based pet food manufacturer, which could be valued at more than €2 billion ($2.2 billion), according to one of the people.