On March 6, 2009, ARX completed the acquisition of controlling stake in Kakadu Sp. z o.o. The investment is shared between the two funds managed by ARX: DBG Eastern Europe II LP and ARX CEE III LP.
Kakadu (www.kakadu.pl) is a leading pet products retail chain in Poland. The company operates 25 stores located in large cities.
ARX and the Kakadu management intend to strengthen the company’s market leadership by implementing operating improvements, the roll out of new stores and add-on acquisitions.
Kakadu is on track to exceed EUR 20 million in 2009 sales.