Having already taken over the Kiwoko pet store chain last year, the property company Emefin, which is controlled by the Mulder family of Peru, has now also completed the acquisition of the Spanish pet supplies retail chain Tiendanimal.
Merging the two chains would create a group with sales in excess of 250 mio euros, a network of around 190 stores, 90 veterinary clinics and approximately 26 hospitals. Both chains are expected to continue operating independently of one another, however, according to the Spanish media. The transaction has yet to be approved by the pertinent competition authorities.
Since October 2014, the risk capital firm Miura Private Equity has had a 51 per cent holding in Tiendanimal. Spanish media sources report that the chain received a further 12.5 mio euros for its expansion only a few months ago. Apart from its stores in Spain, Tiendanimal also operates in Portugal, France and Italy.