PETstock, established in 2002, built its success on family values and a passion for pets. Over two decades, it became one of Australasia’s leading family-owned specialty retailers. In 2021, Pier 12 Capital raised the $58m Pet Fund to acquire a stake in Petstock Group. In 2022, Woolworths Group acquired 55% of the Group.
“Our investment marked a pivotal milestone as PETstock’s first external capital raise beyond friends and family. The transaction ultimately delivered a 1.5x multiple on invested capital for our investors over 2 years.”