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Pet shop buoys Motion Equity Partners

Paris-based Motion Equity Partners has announced it had entered into an exclusive agreement to sell Italian pet shop chain Arcaplanet to fellow private equity firm Permira, according to a statement.

Motion Equity Partners has sold Italian pet store chain Arcaplanet
Motion Equity Partners has sold Italian pet store chain Arcaplanet Photo: iStock

Paris-based Motion Equity Partners has announced it had entered into an exclusive agreement to sell Italian pet shop chain Arcaplanet to fellow private equity firm Permira, according to a statement.

Financial details of the transaction were undisclosed but the deal netted Motion Equity Partners a 5x return on its initial investment, a person familiar with the matter said.

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