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ICR Inc is guiding Wag!, dog-walking app, as it plans to go public via a $350M SPAC deal with CHW Acquisition Corp.
Founded in 2015 to relieve the guilt and stress of leaving a pet unattended, Wag! has more than 350K pet caregivers in 4,600 cities in the US, handling dog walking, pet sitting, training, advice and drop-in visits.
It has generated 11M reviews with 96 percent of them earning five-star ratings. Rebooking rate clocks in at 90 percent. The pet wellness/services market was valued at $44B in 2020.
Wag! CEO Garrett Smallwood said his company is “transforming the fragmented and largely offline pet wellness and services industry through our vertically integrated mobile-first technology platform.”
The company anticipates revenues of $42M for 2022, which would be a 120 percent boost over last year’s performance.
Shares of Wag! Group Co. are expected to to trade on the NASDAQ under the ticker symbol, “PET.”
Kekst CNC handles Riposte Capital as the investment advisor presses SilverBow Resources oil & gas company to add independent directors to its board at the 2024 annual meeting.
FGS Global represents Rover Group as the No. 1 online market place for pet care agrees to be acquired by Blackstone for $2.3B in cash.
Reevemark is representing Nelson Peltz’s Trian Fund Management as it promises to take its case directly to Walt Disney shareholders that it needs to shake up its board.
Monica Chase has joined San Francisco-based TSG Consumer Partners private equity firm as managing director and head of investor relations.
FTI Consulting represents Telegraph Media Group and The Spectator as the British publications were put on the auction block after the owning Barclay family defaulted on a loan.
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