Owner of the Swedish pet food provider Voff Premium Pet Food, Systematic Growth, and the Nordic private equity fund Axcel have agreed on the acquisition of the pet food supplier.
Voff Premium Pet Food with sales amounting to SEK 1 bn (943 mio euros) is regared as a leading player in the European premium natural pet food sector. The company employs more than 300 people and has 9 brands in its portfolio. The new cooperation shall strengthen the company’s position at the top of Europe.
Having created 6 funds of 2.8 bn euros over the last 25 years, Axcel could make 68 investments in platforms, 150 add-on investments and 49 exits. The latest acquisition of Voff is the fund’s first on in the pet food business.