JP Morgan and Jefferies have been hired by BC Partners to organize an auction of VetPartners. Which it acquired in 2018 for more than £700 million.
Two banks have been hired by the private equity backer of one of Britain’s largest veterinary care organizations. To organize a £3 billion auction of the company.
The buyout firm BC Partners has hired JP Morgan and Jefferies to arrange the sale of VetPartners later this year.
A transaction will result in the transfer of one of the industry’s largest operators.
According to the company’s website, VetPartners employs over 7,500 workers across 500 locations in the United Kingdom. Including its headquarters in York.
It has since established a foothold in France, Germany, Ireland, Portugal, and Spain. In addition to its position in the United Kingdom.
The company was launched in 2015 by its founder, Jo Malone. And bankers estimate that it is currently worth more than £3 billion.
Several significant buyout firms have begun preparing bids for the company. Including CVC Capital Partners, which has a holding in rival operator Medivet.
BC Partners acquired VetPartners in 2018 for around £720 million.
IVC Evidensia, which also has private equity backing, is one of the industry’s other major companies.
