Corpfin Capital Acquisition Of Kiwoko

Corpfin Capital has acquired a majority shareholding interest in the company Masquepet, S.L., which commercializes under the brand name Kiwoko, a Spanish pet care retailer, from Prince Capital Partners.

Kiwoko, which is headquartered in Madrid, has 30 stores and 150 employees. Founded in 2007, it operates in five regions across Spain and sells some 2,000 products for dogs, cats, reptiles and fish. The investment will enable the company to consolidate its market position and roll out new stores. Kiwoko expects to have more than 100 stores within the next five years.

April was a busy month for pet care deals. Pangea Investors took a majority interest in Austria Pet Food for €25m, LDC sold its stake in Cranswick Pet Products and Vendis Capital backed Yarrah. Prince Capital Partners will retain a stake in Kiwoko.

ALEMANY, ESCALONA & DE FUENTES has acted as legal counsel for Corpfin Capital. The legal team was led by José Antonio Escalona and Antonio Conde, partners of the Corporate Department.

This has been a deal particularly challenging due to time restraint and to certain special features derived from the transaction structure, as one of the former investors group has left the company but another investors group (Prince Capital Partners) as well as the management team have remained as shareholders of the company.