Triangle Capital LLC assisted DCL Ventures Inc., the owner of AllPaws, in the sale of the business to Pet Smart. Triangle acted as the company’s exclusive financial adviser.
Triangle was engaged by the company to optimize the exit of the founders.
DCL had raised funds and successfully launched both the website and the app, and had achieved significant success in building consumer traffic and adoption candidates.
After evaluating the options available including raising the next round of funding, and continuing to expand the business, or selling to a better financed, symbiotic organization, the decision was taken to pursue the latter.
Triangle ran a competitive auction resulting in the sale of the company to the best possible buyer, one which is able to expand it and provide a broader range of benefits to all of its constituents.
Consumer Retail and Apparel, Technology and Digital