AlphaPet Ventures GmbH (“AlphaPet”), headquartered in Munich, is a leading provider of own and third-party brands of dog and cat food, which are distributed especially via its own online platforms. The management has developed the company into one of the leading suppliers in the German online market for dog and cat food with a sales growth of approx. 30% p.a. over the last six years.

Healthfood24 GmbH (“Healthfood24”), headquartered in Leipzig, has around 30 employees. The company is considered a pioneer for sustainable and high-quality food in the German premium pet food market and markets the brands Wolfsblut and Wildcat.

capiton is participating in the merger of the two companies in the premium pet food segment through a capital increase.

CODEX Partners provided the Commercial Due Diligence of AlphaPet Ventures and Healthfood24 to capiton.

CODEX Partners supports investors in commercial and vendor due diligence, in strategy development and value enhancement projects for portfolio companies and in buy & build platforms. CODEX Partners has served clients in more than 500 projects.