Street Talk

Real Pet Food appoints Citi for $1 billion sale

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 27, 2025 – 4.33pm

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Private equity-backed Real Pet Food Company has taken the first real step towards a potential change of control.

Street Talk can reveal RPFC’s Asia-based backers – Temasek, Hosen Capital, New Hope Group, CIC International and GenBridge Capital – have appointed Citi to consider its strategic options, including a trade sale.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.