- Mayfair Equity negotiations
- Ovo supporter eyes TrustedHousesitters
- Valuation: £100 million
An early supporter of Ovo Energy is in exclusive discussions to acquire a substantial stake in the platform based in the United Kingdom that pairs pet-loving travellers.
The private equity firm that has supported Ovo Energy and the maternity wear chain Seraphine is currently engaged in discussions to acquire a significant ownership interest in the pet-sitting company TrustedHousesitters.
Mayfair Equity Partners has initiated exclusive negotiations to acquire a significant stake in the Andy Peck and Rachel Martin-founded company.
On Tuesday, city sources reported that the transaction would cost the company approximately £100 million.
TrustedHousesitters facilitates connections between homeowners and individuals willing to care for their residences and pets during their absence.
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Its membership exceeds two hundred thousand in fourteen countries and is expanding rapidly in international markets, including the United States.
Mayfair was reportedly among the bidders drawn to the subscription financing model and international expansion prospects of TrustedHousesitters.
Existing proprietors of the organisation consist of Rockpool Investments, which commenced investing in 2021.
About seventy people are employed by TrustedHousesitters, which has “plans to connect millions of pet parents and petsitters worldwide,” according to a spokesman for the organisation.
Concerning an agreement, negotiations are ongoing.
