Benchmark International advises on the sale of Petnap Ltd
Benchmark International, following robust negotiation on behalf of our client, have completed the sale of the goodwill, business and assets of Petnap Limited to a private acquirer for an undisclosed sum.
Based in East Sussex, Petnap Limted provides market-leading wholesale and distribution services for pet accessory products. The company also designed and manufactures its own innovative pet products.
Following the preparation of sales documentation, the opportunity went live in July 2012 and generating 25 interested parties in total. The bidding stage saw the numbers of competing parties reduced to 2 and a deal was finally agreed in February 2013, completing April 2013.
Everybody at Benchmark International would like to wish the Shareholders, Mike and Nicola Bailey the very best for the future.