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    ZO1   DE0005111702

ZOOPLUS AG

(ZO1)
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Zooplus Gets Increased Takeover Offer From Hellman & Friedman

10/08/2021 | 03:15am EST

By Cristina Roca

Zooplus AG said Friday that Hellman & Friedman LLC has increased its offer price to match a rival bid for the online pet-supply retailer.

Hellman & Friedman has increased its cash consideration for its voluntary public takeover offer to 470 euros ($542.97) for each Zooplus share, from EUR460 previously.

The new offer values the company at roughly EUR3.36 billion.

The private-equity firm, which would take over Zooplus through Luxembourg-based holding company Zorro Bidco Sarl, increased its offer to match an offer made by rival investment firm EQT AB's Pet Bidco GmbH holding company.

Zooplus said it will publish a statement on the modified offer in due course.

The German company has attracted interest from several investors, including U.S.-based KKR & Co., as they look to capitalize on a rise in pet ownership and an accelerated shift to online shopping during the coronavirus pandemic.

Zooplus posted sales of EUR1.8 billion in 2020, which it said captured about 7% of the European pet-supplies market, both online and offline.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

10-08-21 0314ET

Stocks mentioned in the article
ChangeLast1st jan.
EQT AB (PUBL) 4.65% 531.4 Delayed Quote.141.35%
ZOOPLUS AG 1.00% 483.8 Delayed Quote.182.10%
All news about ZOOPLUS AG
11/26ZOOPLUS AG : Release according to Article 40, Section 1 of the WpHG [the German Securities..
EQ
11/24ZOOPLUS AG : Berenberg reiterates its Neutral rating
MD
11/24EQT, Hellman & Friedman Open Delisting Tender Offer for zooplus
MT
11/16Zooplus Confirms FY21 Revenue Growth Guidance
MT
11/16ZOOPLUS AG : Baader Bank reiterates its Sell rating
MD
11/16ZOOPLUS : Q3 2021 Results Presentation
PU
11/16ZOOPLUS : Q3 Statement 2021 (pdf)
PU
11/16ZOOPLUS AG : robust sales growth continues in the third quarter
EQ
11/16Zooplus AG Provides Financial Guidance for the Full Financial Year 2021
CI
11/15Zooplus AG Reports Earnings Results for the Nine Months Ended September 30, 2021
CI
More news
Analyst Recommendations on ZOOPLUS AG
More recommendations
Financials
Sales 2021 2 106 M 2 377 M 2 377 M
Net income 2021 -8,50 M -9,59 M -9,59 M
Net cash 2021 24,5 M 27,7 M 27,7 M
P/E ratio 2021 -417x
Yield 2021 -
Capitalization 3 459 M 3 898 M 3 904 M
EV / Sales 2021 1,63x
EV / Sales 2022 1,39x
Nbr of Employees 857
Free-Float 82,4%
Chart ZOOPLUS AG
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Technical analysis trends ZOOPLUS AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 8
Last Close Price 483,80 €
Average target price 420,56 €
Spread / Average Target -13,1%
EPS Revisions
Managers and Directors
Cornelius Patt Chief Executive Officer
Andreas Mauer÷der Chief Financial Officer
Karl-Heinz Holland Chairman-Supervisory Board
Mischa Ritter Chief Operating Officer
Norbert Stoeck Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
ZOOPLUS AG182.10%3 875
CHEWY, INC.-22.81%28 989
PETCO HEALTH AND WELLNESS COMPANY, INC.0.00%5 296
PETS AT HOME GROUP PLC14.90%3 185
PET CENTER COMÉRCIO E PARTICIPAÇÕES S.A.-3.14%1 437
MUSTI GROUP OYJ18.17%1 093