Aug 27, 2026 – 3.56pmEureka Pet Co – the Byron Bay-born premium dog food company that’s been nipping on Lyka’s heels – is in the crosshairs of buyout firm L Catterton, which has made plenty of money in pet food businesses globally and wants to replicate that success Down Under.The Connecticut-headquartered firm, best known in Australia for its investment in iconic bootmaker RM Williams is in exclusive due diligence to acquire the four-year-old business after Eureka mandated boutique advisory firm Miras Capital to find it a capital partner earlier this year, sources told Street Talk on Thursday.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.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?