Pet Center Comércio e Participações S.A. (BOVESPA:PETZ3) agreed to acquire Petix for BRL 70 million on January 26, 2022. Under the terms, consideration of BRL 24.9 million will be paid in cash and through issuance of just above 1.65 million shares equivalent to BRL 35 million. The amount of consideration also includes an additional payment of up to BRL 10 million to be paid in cash in 2023, 2024 and 2025 subject to certain financial milestones achievement. The transaction is subJect to approval from CADE. On June 1, 2022, Antitrust body Cade has approved acquisition of Petix without restrictions. James Sinclair, Luiz Recchia, Sun Mengyun, Vitor Umbelino of Lincoln International LLC acted as financial advisor to Petix. Jon Kellner, Thomas Ayres and Filipe Lima of Paul Hastings LLP acted as legal advisor to Pet Center Comércio e Participações S.A. (BOVESPA:PETZ3).

Pet Center Comércio e Participações S.A. (BOVESPA:PETZ3 completed the acquisition of Petix on July 1, 2022