Polish pet store chain Kakadu has been acquired by Arx Equity Partners, as the European private equity firm purchased a controlling stake for an undisclosed sum. The purchase was orchestrated using Arx Equity’s DBG Eastern Europe II and ARX CEE III funds. The investment marks the debut of the Arx CEE III fund which has a target close of €125 million.
Polish pet retailer Kakadu lists 25 outlets in major cities in Eastern Europe. The company, which sells luxury pet products, food, and accessories, is planning operational improvements as well as new stores and acquisitions.
Arx Equity Partners (www.arxequity.com)
Arx Equity Partners, formerly known as DBG Eastern Europe, was created by German private equity firm Deutsche Beteiligungs in 1996. With Deutsche focusing its investments primarily in Germany, the two parties agreed that an independent DBG Eastern Europe would be best for both. The spin-off fund was re-branded as Arx Equity Partners.
With offices in Bucharest, Budapest, Prague and Warsaw, Arx provide liquidity solutions to businesses in Central and Eastern Europe. Their investment strategy involves investing in mid-sized companies with either medium or long-term goals. The fund’s primary investors consist of blue chip financial institutions from all over the world.