Monday, 6 August 2018

BC Partners to buy £700m VetPartners in sector's biggest UK takeover

The private equity firm BC Partners is close to sealing a £700m takeover of VetPartners in a deal that will mark the fast-growing sector's biggest UK deal.
Sky News has learnt that BC, which owns British companies such as the Cote restaurant chain, is putting the finishing touches to an agreement to buy a controlling stake in the 260-site business.
If completed, the deal, which insiders said could be announced later this week, would mark a bet on Britons' continued propensity to spend ever-increasing sums on the welfare‎ of their pets.

York-based VetPartners employs roughly 3000 people, making it a substantial British employer‎.

Its sale is expected to generate a handsome return for August Equity, the private equity group‎ which backed the company in 2015.

SKY       News.

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