Merger of Southern Veterinary and Mission Veterinary sets up group valued at $8.6bn
Private equity groups Silver Lake and Shore Capital Partners have struck a deal to create one of the biggest US veterinary care groups valued at $8.6bn, with ambitions to further consolidate a sector historically dominated by independently-owned businesses, said people briefed on the matter.
5bn rolled over, and a syndicate of large co-investors will fund a few hundred million dollars of extra equity. The new company will carry less leverage than prior to the recapitalisation, one person said. The deal is expected to be announced in the coming weeks. People briefed on it said the combined company is likely to pursue more deals to roll up vet clinics and hospitals, as private equity groups play an increasingly dominant role in consolidation sweeping the petcare industry.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Horrifying moment e-scooter yob smashes veterinary surgeon's skull when he runs red light before...Joseph Pedelty, 34, ran a red light which was 'very clear to see' before smashing into Raquel Delgado-Calo as she walked over a pedestrian crossing, a court heard.
Read more »
Horrifying moment e-scooter yob smashes veterinary surgeon's skull when he runs red light before...Joseph Pedelty, 34, ran a red light which was 'very clear to see' before smashing into Raquel Delgado-Calo as she walked over a pedestrian crossing, a court heard.
Read more »
Horrifying moment e-scooter yob smashes veterinary surgeon's skull when he runs red light before...Joseph Pedelty, 34, ran a red light which was 'very clear to see' before smashing into Raquel Delgado-Calo as she walked over a pedestrian crossing, a court heard.
Read more »
A student got '10/10 drunk', now his veterinary career plans are in tattersHe was seen wearing a balaclava and throwing punches
Read more »
Rare short-eared owl dies despite surgery'Shortie' had been receiving veterinary care but was unable to recover from her injuries.
Read more »
Geordie Shore’s Holly Hagan speaks out over her hearing lossGeordie Shore star Holly Hagan opens up about life after being fitted with hearing aids. Read more at heatworld.com.
Read more »