H.I.G. Capital takes majority stake in Outward Hound

Funds affiliated with US investment firm H.I.G. Capital have taken majority ownership of Outward Hound. The company, based in Centennial, Colorado, said the deal would give it additional backing to build on its portfolio of dog and cat brands, accelerate product development, deepen retail partnerships and pursue opportunities in further categories.

‘H.I.G.'s support gives us greater flexibility to invest behind our brands, accelerate product innovation, and pursue growth opportunities,’ said Outward Hound CEO Jared Mosher. Outward Hound develops and distributes toys, games, gear, feeders, beds and treats for dogs and cats. Its brands include Outward Hound, Best Friends by Sheri, Catstages, Wholesome Pride Pet Treats, Nina Ottosson, Planet Dog and Pupstages.

H.I.G. Capital, headquartered in Miami with offices including Hamburg, London and Paris, manages $75 bn in capital and has invested in…