Finland Times

 

File Photo Lehtikuva.

Swedish company EQT Mid Market Fund is set to acquire Musti ja Mirri, the largest pet shop chain in the country.

 

In a press release, EQT said that it has agreed to acquire Musti ja Mirri Group Oy from funds managed by Vaaka Partners Oy, a Finnish private equity firm.

 

“With EQT Mid Market as a new owner and partner, we will be able to embark on next growth and expansion phase. With their strong network of industrial advisors and vast experience of taking local retail concepts international, Musti ja Mirri will have the right support to be further developed into a true market leader throughout the Nordic region,’ said Mika Sutinen, the CEO of Musti ja Mirri in the release.

 

EQT said that the management team of Musti ja Mirri will co-invest and partner with EQT Mid Market to continue drive the growth and development of the company.

 

According to EQT, Musti ja Mirri is a fast growing specialty retailer of pet food and accessories. Musti ja Mirri operates 127 stores of which 106 are located in Finland and 21 in Sweden.