Musti Group Nordic Oy acquired Pet City OÜ
October 2024
Musti Group, a pet services company listed on the Finnish stock exchange, has acquired Pet City OÜ. A share purchase agreement has been signed for the purchase of Pet City OÜ and its affiliated companies (Eesti Veterinaaria Kliinikum OÜ, Pet City UAB, Pet City SIA and Pet City Klinika UAB).
Musti Group is a leading Nordic pet care company operating in Finland, Sweden and Norway. According to David Rönnberg, the CEO of the Musti Group, the Baltic expansion is the next natural step for their international expansion.
Pet City operates 46 retail stores and 16 veterinary clinics in the Baltics, including an e-commerce platform. There are also veterinary clinics, 8 in Estonia, 4 in Latvia and 4 in Lithuania.
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We advised Musti Group Nordic Oy on conducting financial, real estate and tax due diligence. PwC's global network, particularly offices in Finland, Estonia, Latvia and Lithuania, successfully helped to conduct the transaction. PwC Estonia’s project team included Allar Karu, Andrea Pärtelpoeg, Harald Sumberg, Andres Petjärv, Martin Tois and Lise-Lota Imala.
Read media coverage (in Estonian) of the transaction in the business newspaper Äripäev.
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