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Canada's Dane Creek Capital buys Bonnie & Clyde Premium Pet Goods

Canada-based private equity group Dane Creek Capital Corp. acquired Bonnie & Clyde Premium Pet Goods, which offers pet supplements for dogs and cats under the Bonnie & Clyde brand.

The purchase price, which was not disclosed, represents approximately 1.3x trailing 12-month revenue. Dane Creek will pay a portion of the price in cash and the remainder in equity from its subsidiary, United Pet Supplements Inc.

Dane Creek will retain a majority stake in United Pet Supplements with the completion of this deal, according to a release.