H&F, EQT reach acceptance threshold for public takeover of zooplus

Investors in the pet products company approve the takeover by EQT and H&F.

Hellman & Friedman and the EQT have announced that the minimum acceptance threshold for its voluntary public takeover for zooplus AG has been exceeded. The expiry of the initial acceptance period ended at midnight; the final result of the offer at the end of the initial acceptance period is expected to be published on 8 November 2021.


4 November 2021 – London & Munich – Hellman & Friedman LLC (“Hellman & Friedman” or “H&F”) and the EQT IX fund (“EQT Private Equity”) today announced the initial result of the voluntary public tender offer (the “Increased Offer”) by Zorro Bidco S.à r.l. (“Zorro Bidco”), a holding company controlled by funds advised by H&F, for the shares (ISIN: DE0005111702) of zooplus AG (“zooplus” or the “Company”) at the end of the initial acceptance period. The Increased Offer is financed by a partnership between Hellman & Friedman and EQT Private Equity.

At the expiry of the initial acceptance period at midnight (CET) on 3 November 2021, the takeover offer has been accepted for more than 50 percent of zooplus shares, including the irrevocable tender commitments which Zorro Bidco has concluded with zooplus shareholders for approximately 17 percent of the share capital. Therefore, the minimum acceptance threshold of 50 percent plus one zooplus share has been exceeded.

The final result of the Increased Offer at the expiry of the initial acceptance period is expected to be published on 8 November 2021.

According to the German Securities Acquisition and Takeover Act (WpÜG), zooplus shareholders who have not tendered their shares can still accept the Increased Offer at the cash consideration of EUR 480 per zooplus share within the additional acceptance period, which is expected to commence on 9 November 2021 and to end at midnight (CET) on 22 November 2021. Zorro Bidco will disclose the final number of shares tendered without undue delay following the expiry of the additional acceptance period.

Additional information is available at www.hf-offer.com.


About Hellman & Friedman

Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on large-scale equity investments in high quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors including software & technology, financial services, healthcare, consumer & retail, and other business services. The firm is currently investing its tenth fund, with over $24 billion of committed capital, and has over $80 billion in assets under management and committed capital. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About EQT

EQT is a purpose-driven global investment organization with more than EUR 70 billion in assets under management across 27 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. Learn more at www.eqtgroup.com.

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