Latest Pet Services Sector News

Rover Group has completed its acquisition of Mad Paws, marking the pet services marketplace’s exit from the ASX with shareholders paid $0.14 per share.

Mad Paws Holdings Limited shares have been suspended from the ASX following court approval of its acquisition by Rover Group, Inc. This marks a significant milestone in the pet services sector consolidation.

Mad Paws Holdings Limited convened a pivotal Scheme Meeting to seek shareholder approval for its $61.5 million acquisition by Rover Group, Inc., with the Board unanimously backing the deal. Key conditions precedent have been met, setting the stage for final court approval and scheme implementation in November.

Mad Paws Holdings Limited reported a milestone positive cash EBITDA of $0.3 million in Q2 FY25, driven by strong marketplace growth and operational efficiencies. The company is amplifying its market presence with a $5.25 million brand campaign in partnership with Seven West Media.