Alternative credit investment firm Crescent Capital’s European Specialty Lending strategy has provided financing to support Harwood Private Equity’s refinancing of Assisi Pet Care, a manufacturer and supplier of natural cat and dog foods and treats in the UK, Germany and Poland.
Alternative credit investment firm Crescent Capital’s European Specialty Lending strategy has provided financing to support Harwood Private Equity’s refinancing of Assisi Pet Care, a manufacturer and supplier of natural cat and dog foods and treats in the UK, Germany and Poland.
The financing also supports Assisi’s acquisition of Poland-based Maced, a manufacturer of natural dog treats with a focus on dried animal parts in Europe. The financing package includes a sizeable acquisition facility to enable Assisi to continue its acquisitive growth strategy. Terms of the transactions were not disclosed.
Harwood, a leading lower mid-market investor in the UK, together with Assisi Pet Care CEO Peter Mangion, established Assisi Pet Care in September 2020 as a pet food buy-and-build platfrom. Assisi offers a broad range of branded and private label natural pet foods and treats to large, dedicated pet-specialist retailers, distributors, wholesalers, e-commerce and traditional retailers.
The acquisition of Maced represents Assisi’s third acquisition following the October 2020 acquisition of Hollings Limited, a UK supplier of natural dog treats, and the March 2021 acquisition of Town and Country Petfoods Limited, a UK-based supplier of natural cat and dog foods and treats that operates primarily under the Hi-Life brand.
