Pet Network is market leader on this segment and operates in Southeast Europe through multiple brands also present Romania, Croatia, Slovenia, Serbia and Bulgaria.
The transaction is expected to be completed in the third quarter of 2021.
Deloitte has assisted investment fund The Rohatyn Group throughout the transaction, providing due diligence and support services.
Pet Network was established in 2018, after TRG had acquired and merged three businesses present in Southeast Europe and operating in the field of pet products and services.
Over the last year, Pet Network has also expended to Bulgaria and currently has over 150 stores across five countries, multiple channels of e-commerce and complementary services, such as pet pharmacies.