BC Partners has appointed JP Morgan and Jefferies to prepare a £3 billion auction of portfolio company VetPartners, having first acquired the business in 2018 for around £720 million, according to a report by Sky News.
BC Partners has appointed JP Morgan and Jefferies to prepare a £3 billion auction of portfolio company VetPartners, having first acquired the business in 2018 for around £720 million, according to a report by Sky News.
A number of large buyout firms have reportedly begun to prepare bids for the company.
Several private equity firms already hold investments in the UK veterinary sector: CVC Capital Partners has a stake in rival operator Medivet, while EQT-backed IVC Evidensia is another major player in the sector.
According to the company’s website, VetPartners, which was founded by Jo Malone in 2015, employs roughly 7,500 people in the UK at 500 sites, including its York headquarters. In 2019, it expanded its operations into Europe with the addition of practices in Italy, and now also has a presence in France, Germany, Ireland, Portugal and Spain.
