Rover bought by private equity firm
Rover Group, the world’s largest online marketplace for pet care, has been bought by private equity firm Blackstone in a deal worth around $2.3bn (£1.8bn).
The transaction was approved at Rover’s special meeting of stockholders.
Aaron Easterly, Co-founder and Chief Executive of Rover, said: “The closing of this transaction is an important milestone in Rover’s history and marks the start of the next chapter in our story.
“We are excited to officially partner with Blackstone to leverage their resources and deep expertise to further our mission of making it possible for everyone to experience the unconditional love of a pet.”
Rover has dabbled in various additional businesses over the years, including grooming and training.
Sachin Bavishi, Senior Managing Director at Blackstone, added: “We’re thrilled to embark on this partnership, bringing Blackstone’s scale and resources to further accelerate Rover’s growth and innovation, and enhance Rover’s strong value proposition relative to alternatives.”
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2 Comments
Rebecca Seabrook
I do hope you are now going to make anyone who home boards or does day boarding will have to have a license. Those of us that do this but not through Rover spend time and money on gaining a license.
Laura
A lot of money for a list of unlicensed boarders. While I appreciate some boarders in the UK using rover are licensed the majority are not and they don’t check.