We advised the Italian fund Milano Investment on their entry into the share capital of Maskokotas, with an investment of € 7 million
The Valencian group of pet stores Maskokotas has added to its shareholders the Italian fund Milano Investment Partners, with an investment of € 7 million. Across Legal advised the investor in this financing round.
With the entry of the new shareholder, the intention of Maskokotas was to implement a growth plan with the aim of leading the pet market in southern Europe. Likewise, the company has been reorganized under the Buddy holding, which brings together all its brands. After investing in the fund, Buddy manages to position itself as the second omnichannel group in Spain in the pet sector.
Until 2023, it foresees the opening of more than 400 stores under the Petness and Maskokotas brands in Iberia. In addition, it has focused on achieving market share in Italy and France, countries in which it already sells ‘online’ through Miscota and Vetality, and to which its physical presence will be added through acquisitions.
With this operation, the Italian fund Milano Investment Partners has added the pet sector to its portfolio, in which it was not present.