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PHH Attorneys Advises Private Investor on Acquisition of Stake in Animal Wearables Company

PHH Attorneys Advises Private Investor on Acquisition of Stake in Animal Wearables Company

Austria
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PHH Attorneys has advised Harold Primat, a French investor living in Switzerland, on his acquisition of almost 12% of shares in tractive GmbH, an Austrian company focusing on pet wearables for "more than EUR 2 million."

According to PHH, "the initial shareholders of the company (including business angel Hansi Hansmann and the four founders of runtastic), whose stakes are reduced accordingly, remain on board.

Tractive was established in 2012 and employs 27 employees. PHH reports that "so far, the company has delivered thousands of its pet tracking devices to more than 80 countries and managed to triple its turnover over the last year."

The PHH team was led by Partner Rainer Kaspar and included Associates Wolfgang Guggenberger and Ivana Dzukova.

Image Source: tractive.com

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