Archer Growth invests in Best Friends Pet Supercentre
Archer Capital Growth Funds, the Australian GP’s lower mid-market unit, has set up a partnership with Best Friends Pet Supercentre and plans to expand the chain to 44 outlets. The company currently operates 11 supercenters that sell pet products and offer veterinary and grooming services and puppy pre-schools.
It is the first investment from Archer Growth's second fund, which recently closed at A$300 million. The size of the deal wasn't disclosed but the private equity firm has a reasonably strict investment...
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