PPet Valu is a Canadian retailer that sells pet food and accessories through small-format, community-focused stores in Ontario, Manitoba, and Western Canada. It serves pet owners by stocking a range of products in neighborhood locations, enabling convenient purchases of food, treats, toys, and care items. The company grows by opening new stores and making selective acquisitions, and it moved to public ownership via an IPO in 2021 to reduce debt and fund expansion. Its goal is to expand its Canadian store footprint and strengthen its brand while delivering value to shareholders through steady growth.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Markham, Canada
Founded
1976
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Total Funding
$231.9M
Above
Industry Average
Funded Over
5 Rounds
Discover how Pet Valu Holdings Ltd. successfully closed a C$22.5 million deal, enhancing its presence in the Canadian pet supply industry.
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ MARKHAM, Ontario, May 08, 2024 (GLOBE NEWSWIRE) - Pet Valu Holdings Ltd. ("Pet Valu" or the "Company") (TSX:PET), the leading Canadian specialty retailer of pet food and pet-related supplies, has announced today that PV Holdings S.à r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equity Cayman LP and Roark Capital Partners Parallel II AIV AG, L.P. (collectively, the "Selling Shareholders"), have entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and RBC Capital Markets to complete a secondary offering on a bought deal basis (the "Offering"). Under the agreement, the underwriters have agreed to purchase 5.9 million common shares of the Company at a purchase price of C$29.65 per common share for total gross proceeds to the Selling Shareholders of approximately C$175 million. The Selling Shareholders have granted the Underwriters an option, exercisable, in
Pet Valu Holdings Ltd. announces closing of C$175 million secondary bought deal offering.
Pet Valu stock soared in share price during the pandemic, having a perfectly timed initial public offering as well.
Pet Valu selects RELEX Solutions for promotions and price optimization.
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Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Markham, Canada
Founded
1976
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs