TSG Consumer Partners has closed its majority acquisition of Pathway Vet Alliance, which after growing earnings tenfold under the backing Morgan Stanley Capital Partners is already showing the recession resilience of vet care in the early days of the covid-19 crisis. Financial terms were not disclosed, however the transaction, signed about a month ago, was valued at approximately $2.65 billion, PE Hub reported in March. MSCP will retain a significant minority investment in Pathway alongside management. Over the last decade, medical care and wellness for pets has emerged as one of investors’ favorite multi-site segments, with Pathway and peers of all sizes considered by many to be a “forever” type of asset.
Read the full article: TSG Closes Deal for MSCP’s Pathway as Vet Care is Deemed “Essential Business //
Source: https://www.pehub.com/tsg-closes-deal-for-mscps-pathway-as-vet-care-is-deemed-essential-business