Musti Group

Sales: EUR 179 million in 2017
EBITDA: EUR 13 million in 2016/2017

Musti Group (previously Musti ja Mirri) is the leading pet specialty retailer in the Nordics. The company operates 123 stores in Finland, 124 in Sweden and 22 in Norway and its product assortment comprises a wide range of pet supplies and accessories as well as pet foods.

Musti Group was founded in 1988 in Finland and entered the Swedish market in 2012. In March 2015, Musti Group acquired the franchisor of 91 Arken Zoo and Djurmagazinet pet stores and 11 Vettris veterinary clinics in Sweden. Musti Group opened its first stores in Norway in October 2016. In the fall of 2017, Musti Group acquired pet specialty retail chain Djurkompaniet and two leading online retailers of pet supplies VetZoo and Animail in Sweden. The Musti stores offer a wide assortment of products including high quality pet food and accessories for dogs, cats, rabbits, rodents, birds and aquarium fishes.

The successful and well-developed retail concept is based on a wide assortment of pet food and accessories in combination with a strong culture of dedicated, knowledgeable and service minded employees.

To Musti Group

Market trends and drivers

The ongoing pet humanization trend is driving an increasing demand for high quality food and premium brands as well as a higher spend on accessories. Pet owners are increasingly viewing pets as family members and are becoming more focused on the pet’s wellbeing and comfort, which increases the awareness of high quality food ingredients resulting in pet owners purchasing healthier, high protein foods from premium brands and manufacturers. These trends are also supporting the positive development of the pet specialty retail channel taking market share from other sales channels such as grocery stores and independent retailers.

Investment potential

EQT Mid Market’s strategy is to accelerate the growth of Musti Group through continued expansion of the store network across the Nordics, further development of the online and omni-channel platform and further development of adjacent pet related services.