MedicAnimal business sale talks develop

Wed, 08 Apr 2015 | BUSINESS SALE

Balderton Capital, which took control of online pet care product supplier MedicAnimal in 2012, is understood by Sky News to be preparing to auction the company.

MedicAnimal is one of the leading pet health retailers in the UK. Both sales and profit have shown rapid growth in recent years thanks to an increase in consumer spending on pet care, which the firm was well-positioned to capitalise on.

The firm's owner, Balderton, a successful European technology business investor, has engaged bankers from Altium Capital to prepare to auction off the firm.

At the moment, prices of between £60 million and £100 million are being mooted as probably; a decent profit on the £10 million Balderton and paid along with fellow investment firm Iris Capital just three years ago for a controlling stake.

Ivan Retzignac, MedicAnimal founder and chief executive, said after his firm took over Petmeds: “The average lifetime cost of owning a dog or cat can easily exceed £17,000 and so MedicAnimal is committed to offering the best products at the lowest prices.

"On average our products are 40 per cent cheaper than those sold by vets or high street retailers and, as we scale our business internationally, we can make first class pet care more affordable than ever.”

In terms of who is expected to bid, Pets at Home are a main contender, according to analysts.

MedicAnimal is based in London and last year was ranked among Deloitte's choice of the Technology Fast 500 EMEA, which awards firms combining “technological innovation, entrepreneurship and rapid growth”.

Related information:

Search other technology businesses for sale.

Share this article

Latest Businesses for Sale

Range of Boxed & Ex-Display Lighting & Accessories (Fast Sale)
UK Wide

Closing From 10am Monday 25 March 2019. Subscribe for more information and seller contact details.

Asking Price: Offers Invited
Turnover: £500k - £1m

Newsagents & Card Shop
Royton, Oldham, Manchester, UK Wide

Shopping precinct trading location. Spacious premises. Parking to rear. Mainly managed by staff. Offers invited.

Asking Price: £79,950
Turnover: £480,000


Garage & MOT Station
Aughton, Sheffield, South Yorkshire, Yorkshire and the Humber, UK

Established Since 1990. Automated MOT Test Station completed with reliable and experienced staff. This is a retirement sale. Offers invited.

Asking Price: £359,950
Turnover: £358,198


View more businesses for sale

News Search

Latest News


Buyer sought for Leeds pub group | ADMINISTRATION

Administrators for pub group headquartered in Leeds are on t...


Tavistock places two North East pubs for sale | BUSINESS SALE

The Lambton Worm and The New Plough pubs in County Durham ha...


Construction mogul Dawnus braces itself for administration | ADMINISTRATION

Dawnus Construction, the property development giant based in...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


MedicAnimal business sold to private equity group | BUSINESS SALE

MedicAnimal has been saved from entering administration afte...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources