Competing for Zooplus leads to partnership

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After a fierce bidding war for Zooplus, investment companies Hellman & Friedman and EQT have agreed to acquire the online pet supplies specialist together.

 

3.4 billion euros

Owing to this final deal, Zooplus shareholders will receive 480 euros per share, Belgian newspaper De Tijd writes. This means the German e-commerce company is valued at 3.4 billion euros in total .

 

In August, it looked like Hellman & Friedman would acquire Zooplus on its own after placing a bid of 390 euros per share. Soon after, however, EQT and KKR showed up as candidates, causing a real bidding war.

 

Hellman & Friedman and EQT have now decided to bury the hatchet and take over Zooplus together. They founded a new company, through which they each become owners of half of the German e-tailer.