Australia’s Archer Growth has made the first investment from its new AUD300 million (US$307 million) fund as part of a new partnership deal with pet products and services provider Best Friends Pet Supercentre.
Best Friends Pet Supercentre's network currently includes 11 stores that offer grooming services, puppy preschools and pet hospitals in Australia, and Archer Growth says it hopes to quadruple that number. US-based Brynwood Partners owns pet boarding, training and related services provider Best Friends Pet Care Inc.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.