Leonard Green & Partners Makes Minority Investment in MedVet; Oak Hill Provides Senior Term Loan

Goldman Sachs Merchant Banking Recapitalizes MedVet; Stonehenge Partners Exits

September 19, 2019

Veterinary

MedVet Associates, a Columbus-based network of specialty and emergency veterinary hospitals, completed a recapitalization in mid-2019 that resulted in Stonehenge Partners exiting its investment. The transaction brought an investment from the Goldman Sachs Merchant Banking Division to support MedVet's continued national expansion; terms were not disclosed.

Gryphon Investors Majority Recapitalizes Heartland Veterinary Partners

December 12, 2019

Veterinary

Gryphon Investors has made a majority recapitalization investment in Heartland Veterinary Partners, a Chicago-based veterinary support organization with nearly 100 practices and over 200 veterinarians. Tyree & D'Angelo Partners and Heartland management retain minority stakes; Varagon Capital Partners led financing for the transaction. Terms were not disclosed.

Oak Hill Capital Acquires American Veterinary Group from Trive and Latticework

February 22, 2021

Veterinary

Oak Hill Capital has acquired American Veterinary Group (AVG) from sellers Trive Capital and Latticework Capital Management. AVG, headquartered in Tampa, Florida, operates nearly 50 general practice and urgent care veterinary clinics across the South and Southeast U.S.; management will remain with an ownership stake and Oak Hill plans to support continued growth.

Tyree & D'Angelo Partners Secures Minority Growth Investment in Western Veterinary Partners Led by LGT, Hamilton Lane and Apogem

March 20, 2023

Healthcare Services

Tyree & D'Angelo Partners (TDP) arranged a minority growth equity investment into its portfolio company, Western Veterinary Partners, with the round led by LGT Capital Partners, accounts managed by Hamilton Lane, and Apogem Capital. TDP will continue to hold control equity and manage the investment; the capital will support Western's continued organic growth and acquisitions to expand its network of veterinary hospitals across the United States.

Peloton Capital Management Makes Strategic Minority Investment in Lakefield Veterinary Group

July 15, 2024

Healthcare Services

Peloton Capital Management, a Toronto-based private investment firm, has made a strategic minority investment in Lakefield Veterinary Group to support the company's disciplined M&A strategy and next phase of growth. Lakefield, a family-owned multi-site veterinary hospital operator with over 70 locations, will remain majority-owned by the Desmarais family and will use the partnership to expand its regional footprint and service offerings.

Berkshire Partners and Leonard Green Join Linden in Strategic Investment in Vital Care

August 1, 2024

Healthcare Services

Vital Care, a Brentwood, Tennessee-based franchisor of infusion therapy pharmacies with more than 160 locations, received a strategic investment from Berkshire Partners and Leonard Green & Partners alongside existing investor Linden Capital Partners. The capital will support franchisee reinvestment, operational enhancements, and continued expansion to increase access to infusion therapy across the U.S.; financial terms were not disclosed.