General Atlantic completes an equity investment in pet food company Open Farm
December 31, 2020
80.00 Million USD
Open Farm, a Toronto-based pet food brand, raised C$80 million + in its latest round of funding, led by global growth equity firm General Atlantic. This marks General Atlantic’s first investment in the pet industry, and they joined the company’s leadership team and existing minority partner, Encore Consumer Capital, on Open Farm’s long-term growth journey. The funding will be used to accelerate Open Farm’s mission to improve the lives of animals and the planet, introduce the brand to millions of new pet owners and support continued innovation in the pet food industry.
Established in 1980, General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. General Atlantic has more than 175 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai and Singapore.
McCarthy Tétrault advised General Atlantic with a team led by Patrick M. Shea and Rachel Wasserman that included Suzie Cusson and Nicole Morin (Corporate and M&A); Patrick McCay and Alexandra Carbone (Tax), Pat Pengelly and Simmy Sahdra (Employment); Kelleher Lynch (Employee Benefits); Carmen Francis (International Trade); Lisa Melanson (Intellectual Property); and Kate McNeece (Foreign Investment Review).