Private Equity News UK – VetPartners to be Sold for up to £3bn to BC Partners
According to Bloomberg, the news of VetPartners being sold for £3bn has generated a lot of buzz online, with many people wondering what this means for the future of the company. VetPartners has been a staple in the veterinary industry for over 20 years, and its success is unquestionable.
The Bloomberg report cites unnamed sources as revealing that BC partners is working with advisers on a potential deal
This news comes as a bit of a surprise, as it was recently reported that VetPartners had acquired the veterinary software company Appistry in an attempt to expand its reach beyond pet health. However, with so much speculation surrounding the sale, it is difficult to say for sure what is actually happening.
If confirmed, this would be one of the largest deals ever made in the veterinary industry. The £3bn price tag suggests that BC Partners is very keen on acquiring VetPartners – and there may be good reason for that.
VetPartners has a strong presence across the globe, with operations in over 40 countries. Its software is used by veterinarians to manage patient records, order and administer medications, and carry out other medical tasks.
This sale could be a major windfall for VetPartners shareholders – including PetCo Funds Management LLC (30%), TPG Capital LP (25%), Bain Capital Ventures LLP (10%) and Mergermarket Incorporated (5%).
Negotiations are reported to be at an early stage and BC Partners could still decide not to sell
This is still very early in the process, and there is no guarantee that a deal will actually happen. However, if BC Partners does decide to purchase VetPartners, it would be one of the biggest veterinary deals ever made.
There is no confirmation of what kind of price BC Partners might be asking for VetPartners.
This is also very early in the process, and there is no indication as to what BC Partners might want for VetPartners – other than its recognition that this would likely be one of the biggest veterinary deals ever made.
Why this is of interest
The company has been providing quality veterinary care to dogs and cats since 2003, and its team of passionate vets and professionals is ready to help even more animals in need. BC Partners, a global private equity firm, has announced that it is acquiring VetPartners for an undisclosed sum. This marks the beginning of an exciting new era for VetPartners, and we’re excited for them!
VetPartners has already helped millions of vets save time and money on their healthcare needs. With BC Partners’ support, VetPartners is poised for even bigger things in the years to come.