New investor at Kiwoko

Apr 12, 2012

According to information from Kiwoko headquarters, the new fund is called CorpFin and is taking a majority investment in Kiwoko through the acquisition of a stake from current investor Prince Capital Partners and a capital increase. The amounts have not been disclosed.

CorpFin is a veteran PE fund in Spain, managing funds for 360 million and with meaningful experience in retail. The quote in the press by Alvaro Olivares, partner at CorpFin says: "What attracted us to Kiwoko is its business model, based on a true compromise to help pet parents take better care of their pets through trained teams, innovative products and the best possible shopping experience."

Kiwoko says that the addition of CorpFin in these tough times for the Spanish economy is a clear endorsement of the company's project and business model and will help to consolidate local leadership and future growth.

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