Leonard Green & Partners Makes Minority Investment in MedVet; Oak Hill Provides Senior Term Loan
June 25, 2024
MedVet LLC received a minority capital investment from Leonard Green & Partners, L.P., alongside a senior term loan provided by Oak Hill Advisors to support the company's continued growth in specialty and emergency veterinary care. The financing will accelerate expansion of MedVet's services while providing liquidity for minority shareholders from the 2019 investment and partial liquidity for some employee owners; Huntington Bank will continue to provide treasury and cash management services.
- Buyers
- Leonard Green & Partners, L.P., Oak Hill Advisors
- Targets
- MedVet LLC
- Sellers
- Minority shareholders from the 2019 investment, Employee owners (partial liquidity)
- Industry
- Veterinary
- Location
- Ohio, United States
- Transaction Type
- Growth capital
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