Ethos Partners LLP acquired pet products manufacturer Doskocil Manufacturing Co. Inc., which does business as Pet Mate, in a "multimillion-pound" deal, Insider Media Ltd. reported.

As part of the deal, Pet Mate founders will step down but will retain a significant share in the business, according to the report.

Pet Mate makes pet products under the brands Cat mate, Dog mate, Fish mate and Ani Mate in the U.S.

HMT Corporate Finance acted as financial adviser, while Latitude Consulting provided commercial advice to Ethos. Spectrum Corporate Finance, Confidas People and Harrison Clark Rickerbys provided debt advisory, management and legal advice, respectively.

KBS Corporate Finance advised Pet Mate on the deal.