Deal focus: Quadrant makes another premium pet play
Quadrant Private Equity's last foray into pet services was relatively short-lived. It bought City Farmers for A$93 million ($84 million) in September 2013 and within 10 months had agreed to sell the business to Greencross for A$205 million in cash and stock.
But the premise of the deal - that Australians are increasingly "humanizing" their pets, stimulating demand for premium products and services - remains relevant. Indeed, the magnification of this trend...
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