International law firm Faegre Baker Daniels (FaegreBD) has advised PPG-Pet Products Group GmbH, which is backed by the German private equity fund Perusa Partners, on its acquisition of a majority stake in Sharples & Grant Limited.
Sharples & Grant, headquartered in Southport, Merseyside, was established in 2005 and has grown to become a leading producer and supplier of pet products. The investment complements PPG's portfolio of investments in the sector, having already integrated German-based Karlie, a leading European producer and wholesaler of non-food pet products in 2009, and Belgian pet products firm Flamingo last year.
Perusa were jointly advised by FaegreBD and Ernst & Young Law. The FaegreBD team advising on this transaction was led by Linda Crow and Nicholas Jennings, with corporate assistance from Sherry Sheibani. Kathryn Dowsett advised on property matters and Anna Byford advised on employment issues.
Commenting on the deal, Linda Crow said, "We are delighted that Perusa chose us to represent them again on this, their latest UK investment. This was a complex deal that required a high degree of legal expertise from several members of the firm to ensure the transaction was successful. On behalf of all here at FaegreBD, we wish Perusa the best of luck with this investment and look forward to working with them again in the future."