Hillhouse Capital acquires Gimborn from Penta Investments

Penta Investments is selling Gimborn Holding GmbH, which develops, manufactures and markets premium cat and dog snacks & treats and clumping cat litter, to Hillhouse Capital Management, a long-term equities investor, having significant investments in Asia. Financial terms of the transaction were not disclosed."Following the highly successful restructuring and development of Gimborn, we are pleased to have found the ideal new owner for the company. Under the experienced management of Hillhouse, Gimborn can accelerate its planned expansion into Asia. This presents a significant opportunity for Gimborn, allowing the business to continue its success story and to sell and market its products on a global basis," said Dr. Thomas von Werner, Managing Director of Penta in Germany.
Between 2013 and 2015, Gimborn's core business grew 3.8 % annually as a result of new product designs, strong growth through the penetration of online channels and new product introductions. EBITDA increased significantly by 40%, mainly related to the reorganizations and portfolio changes.