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    EQT   SE0012853455

EQT AB (PUBL)

(EQT)
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EQT : Private equity firm EQT bids $3.94 bln for Germany's Zooplus

09/24/2021 | 09:13pm EDT

Sept 25 (Reuters) - Zooplus AG, one of Europe's largest online pet supplies' retailers, said on Saturday that Swedish private equity firm EQT AB has made an offer to buy the company for about 3.36 billion euros ($3.94 billion).

EQT's 470-euros-per-share offer for Zooplus comes after U.S. private equity company Hellman & Friedman this month raised its offer to buy the company for 3.29 billion euros from an initial 3 billion euros.

The deal represents a premium of about 69% to Zooplus's last close on Aug. 12, the day before Hellman & Friedman made its first offer.

The company, which has benefited from rising online demand for pet supplies during the pandemic, said in a statement that its management and supervisory boards welcomed the takeover offer from EQT.

Earlier in the month, U.S. financial investor KKR & Co Inc terminated its talks on a potential takeover offer for the company, two days after Hellman & Friedman raised its offer. ($1 = 0.8537 euros) (Reporting by Bhargav Acharya in Bengaluru; Editing by William Mallard)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EQT AB (PUBL) 3.30% 412.9 Delayed Quote.89.97%
ZOOPLUS AG 0.00% 475 Delayed Quote.179.74%
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Analyst Recommendations on EQT AB (PUBL)
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Financials
Sales 2021 1 396 M 1 627 M 1 627 M
Net income 2021 781 M 910 M 910 M
Net cash 2021 729 M 850 M 850 M
P/E ratio 2021 51,3x
Yield 2021 0,91%
Capitalization 40 594 M 47 386 M 47 308 M
EV / Sales 2021 28,6x
EV / Sales 2022 24,4x
Nbr of Employees 938
Free-Float 31,6%
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Technical analysis trends EQT AB (PUBL)
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 39,83 €
Average target price 39,16 €
Spread / Average Target -1,66%
EPS Revisions
Managers and Directors
Christian Otto Sinding Chief Executive Officer & Managing Partner
Kim Henriksson Chief Financial Officer
Yngve Conni Jonsson Chairman
Caspar Mats Andreas Callerström Chief Operating Officer & Deputy CEO
Edith W. Cooper Independent Director
Sector and Competitors