True Wind Capital Completes Minority Investment in Rover
03.01.24
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Simpson Thacher represented vehicles affiliated with True Wind Capital in its minority investment in Rover Group, Inc. (“Rover”), the world’s largest online marketplace for pet care, in connection with the acquisition of Rover by affiliates of Blackstone in an all-cash transaction valued at approximately $2.3 billion.
Rover, based in Seattle, connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, and drop-in visits.
The Simpson Thacher team included Atif Azher, Naveed Anwar, Kira Shannahan, Matthew Walls and Ondrej Gaiser-Palecek (M&A); Mark Brod (Capital Markets); and Russell Light (Tax).