Private equity firm invests in Trusted House Sitters
Mayfair Equity Partners has bought a majority stake in Trusted House Sitters, which values the business at about £80m.
The deal, described as a management buyout, is expected to help Trusted House Sitters to continue its rapid growth.
Trusted House Sitters, which was started by Andy Peck and Rachel Martin in 2010, has more than 200,000 members in more than 140 countries.
Kunal Dasgupta, Partner at Mayfair Equity Partners, said: “We’re excited to back a genuine innovator at the intersection of travel and petcare and believe that petsitting services are an untapped opportunity in the petcare sector.
“Trusted House Sitters is ideally placed to succeed and we’re excited to partner with Mathew and his team on the next stage of their journey.”
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