Cinven, the private equity firm behind Partner in Pet Food (PPF), has decided to halt the sale process of the pet food manufacturer, according to a report from Bloomberg. This decision came after private equity groups Advent International and CVC Capital teamed up to bid for PPF, but negotiations on the price didn’t reach an agreement. PPF, headquartered in Hungary and under Cinven’s ownership since 2018, was previously valued at more than €2 billion and operates extensively across Europe, supplying retailers in 38 countries. With 11 factories and over 1,400 employees, PPF is a significant player in the pet food industry, known for its diverse range of products and pan-European production network.
Advertisement
