Mad Paws Holdings is sitting on a bumper third-quarter result as it puts boutique advisor Hawkesbury Partners to work on scouting M&A options quietly in the background.
The drums are beating at listed pet services provider Mad Paws Holding, which is sitting on a bumper third-quarter result, while it puts boutique adviser Hawkesbury Partners to work on scouting MSources said Mad Paws’ December-quarter results due on Friday would include a 200 per cent plus growth in revenue to $6.6 million for the quarter, as well as its maiden cashflow positive trading period.
They said Mad Paws had drastically shrunken its customer acquisition costs from 47 per cent of sales to less than 20 per cent, and still managed to pick up record new customers for its pet sitting, walking and grooming services. It was also on track to generate an operating profit by June end. Street Talk understands Mad Paws, which has a $50 million market capitalisation, also hired Sydney-based corporate advisory firm Hawkesbury Partners a few months ago.
Hawkesbury is understood to have been tasked with looking out for Mad Paws both ways: any targets the firm could add to its suite, as well as strategic partners that could help it grow. However, the vetting was at early stages and no firm offers were received or lobbed.
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