MedicAnimal business sold to private equity group

Fri, 21 Aug 2015 | BUSINESS SALE

MedicAnimal has been saved from entering administration after a private equity company bought the firm.

Forward Dimension Capital has acquired 100 per cent of the business after MedicAnimal filed a notice of intention to appoint an administrator on 31 July.

Reports from Retail Week confirmed that the MedicAnimal board approved the financial rescue package on 14 August. MedicAnimal and its subsidiary Pet Supermarket operate ecommerce websites which have recommended trading since the rescue package was approved following a brief pause in trading.

David Rigby, partner with Forward Dimension Capital, will join the MedicAnimal board as executive chairman as part of the agreement.

He commented: “The business has grown rapidly over the last few years to become a major player in the online pet healthcare market, and the management and founders have built a business with loyal customers, a great team and strong brand awareness.

“MedicAnimal is a great story and one we want to enhance by bringing additional investment and skills to the table.”

The company is understood to have come close to administration after an investor pulled out of funding at the last minute, a decision which happened to coincide with a large supplier bill.

MedicAnimal is a trading name of Kokoba Ltd.

View other retail businesses for sale.


Share this article



Latest Businesses for Sale

Consulting Engineers Focused on the Built Environment
London, UK

Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.

Asking Price: £2,700,000
Turnover: £5,800,000

LEASEHOLD


Freight Brokerage Services
UK Wide

Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.

Asking Price: Offers Invited
Turnover: £420,000

RELOCATABLE


Food Manufacturer Specialising Flatbread Products
North of England, UK Wide

Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.

Asking Price: Offers Invited
Turnover: £671,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
08
 
Apr
 

MedicAnimal business sale talks develop | BUSINESS SALE

Balderton Capital, which took control of online pet care pro...

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