In This Issue
Pets Corner wins the ultimate pet rabbit care award
New pet industry body EPIC puts animal welfare at the top of its agenda
Will these pet carriers catch on in the UK?
Ceva puts $10 million investment behind new Adaptil and Feliway
Award-winning pet food manufacturer launches ‘Meaty Sweetie’ treat range
World's 'smallest artist' launches new dog charity
OATA gets official ‘thumbs-up’ for pet shop licensing scheme
Stock up with Intersand Cat Litter for Spring
Awards hat-trick for Arden Grange's cat range
Pets at Home officially opens 400th store
MedicAnimal business sale talks develop
Pet charity seeks top UK vet nurse
Clearwater International advises on €315m pet food deal
Creature Company named as Pooch & Mutt's stockist of the month
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MedicAnimal business sale talks develop

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

Both sales and profit at MedicAnimal 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 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”.

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