CHRISTCHURCH, New Zealand – (BUSINESS WIRE) – 2 May 2021–
Natural Pet Food Group (the “Company”), a premium pet food company based in New Zealand, and KKR, a leading global investment company, today announced the completion of KKR’s acquisition of Natural Pet Food Group. This investment will be used to support the Company’s international growth and advance its mission of supplying New Zealand’s high-meat, safe and sustainably sourced pet food to more customers and their pets around the world.
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Neil Hinton, CEO of Natural Pet Food Group said, “My team is very excited about the opportunities and connections KKR can provide. Our business is about providing pet owners with the best natural nutrition and high meat for the members of their four-legged family. KKR has a perfect pedigree in our sector that will help us grow, develop new products, and bring our brand to new customers and new markets, all over the world. “
“This is a tremendous result not only for our company but also for our supply partners, farmers and seafood suppliers from all over New Zealand and our manufacturing partners in Hawke’s Bay and Gisborne. We also recognize our exit shareholders, particularly Pioneer Capital, for their contributions over the years, which lay the groundwork for the next exciting phase. This is another fantastic ‘paddock to plate’ story in New Zealand built on our nutritional quality, safety and ethical credentials and the strong partnerships that underpin our business. KKR’s investment marks the next phase of our evolution and their support is a strong support to our business prospects, ”added Mr Hinton.
Pet owners around the world are increasingly looking for high-quality, low-carb food for their pets to improve their long-term health and well-being. The Natural Pet Food Group brand provides pet owners with a variety of nutritious, 100% New Zealand made pet foods that are produced from high quality, locally sourced whole food ingredients.
Michael Robson, Managing Director of KKR Capstone and member of the Board of Directors of the Natural Pet Food Group, said, “Natural Pet Food Group is a pioneer in the sustainable pet food industry in New Zealand, with a mission and a very defined set of values. We are excited to work with Neil and his talented team to support the Company’s operations by leveraging KKR’s experience, network and expertise to strengthen Natural Pet Food Group’s leadership in key markets and create opportunities in new ones. This investment also reflects KKR’s commitment to support fast-growing companies in New Zealand that are looking for opportunities to expand into new sectors, verticals and markets. “
KKR will fund its investment from KKR Asian Fund IV. Additional details of the transaction were not disclosed.
About Natural Pet Food Group
Natural Pet Food is committed to providing premium, highly nutritious meat pet food through the market-leading dog and cat food brands: K9 Natural, Feline Natural, and Meat Mates. Developed by an in-house nutrition team, the Company’s pet food is produced from ethically sourced ingredients such as grass-fed and free-range meat, cageless chicken and sustainable seafood. Natural Pet Food Group was launched in 2006 and today serves customers globally in markets including New Zealand, Australia, China, Japan, the US and Canada.
KKR is a leading global investment company offering alternative asset management and capital markets and insurance solutions. KKR aims to produce attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting the growth of the company and the portfolio community. KKR sponsors an investment fund that invests in private equity, credit and real assets and has strategic partners who manage hedge funds. KKR’s insurance subsidiary offers pension, life and reinsurance products under the management of The Global Atlantic Financial Group. KKR’s investment references may include sponsorship and insurance subsidiary fund activities. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @ KKR – Co.
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Natural Pet Food Group
+64 21 912384
TRC Asia Pacific
+852 3602 7335
[email protected] America
Way Major or Miles Radcliffe-Trenner
Citadel Magnus (for TRC in Australia & New Zealand)
+61 2 8234 0100
KEY WORDS: AUSTRALIA / OCEANIA NEW ZEALAND
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PUB: 05/02/2021 17:30 / DISC: 05/02/2021 05:31