PwC Legal and PwC are advising Musti Group in the planned acquisition of Pet City OÜ by conducting in-depth legal and tax due diligence on the company SIA "Pet City"

20/10/24

We are excited to share the successful conclusion of a recent project in where ZAB PwC Legal and PwC Latvia, in collaboration with PwC network firms in Estonia, Lithuania, and Finland, advised Musti Group, a Finnish stock exchange-listed pet services company, in the acquisition of Pet City OÜ. The transaction also includes the sale of the company’s subsidiaries in Latvia, Estonia, and Lithuania.

Before the deal was finalized, our team conducted legal due diligence on SIA "Pet City" in the areas of corporate law, contractual obligations, financial law, real estate, competition law and other legal fields. The PwC SIA tax team conducted in-depth tax due diligence.

The Latvian team was represented in the in-depth legal due diligence process by attorney-at-law and PwC Legal managing partner Anete Puče-Dimitrovska, senior lawyer Elvita Gēce, and lawyer Annija Vītola and the PwC Legal team. The in-depth tax due diligence was led by PwC SIA's managing partner Zlata Elksniņa-Zaščirinska and Tax Department Director Irēna Arbidāne, while the due diligence was conducted by Matīss Auziņš, Tatjana Kļimoviča, and Aleksandrs Afanasjevs and their teams.

Pet City OÜ operates 46 retail stores and 16 veterinary clinics in the Baltic States, including 13 stores and 4 clinics in Latvia, 25 stores and 8 clinics in Estonia, and 8 stores and 4 clinics in Lithuania, as well as e-commerce platforms.

Read more about the deal on Musti Group's Stock Exchange Release (in English) here.