Katten survey finds pet industry ripe for private equity investment
Katten, a Chicago-based law firm, released a survey that found the pet care industry is increasingly attractive to the private equity crowd.
While the pet space has always attracted its share of PE (e.g., investors buying up vet practices), the impact of Covid-19 has made the private equity folks even more bullish on the industry.
The coronavirus has caused a jump in pet ownership, a surge in spending on pet food and supplies, and the growth of veterinary telehealth. Outside of pet services, the industry has mostly shrugged off any economic concerns over the crisis.
That makes pet care businesses attractive to equity investors. The survey found the following two areas most promising: 1) therapeutics (CBD) and diagnostics and 2) technology products for pet owners.
Check out the 18 page survey here.