Oak Hill Capital Acquires American Veterinary Group from Trive and Latticework

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

June 25, 2024

Veterinary

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.

Varsity Healthcare Partners Acquires VetEvolve from Align Capital Partners

October 16, 2023

Veterinary

Varsity Healthcare Partners completed a strategic growth investment to acquire VetEvolve, a Richmond, Virginia-based multi-location veterinary care platform. The transaction was a sale by Align Capital Partners; VetEvolve operates 32+ clinics across the Mid-Atlantic and employs over 600 team members, and VHP will partner with management to expand the platform into new geographies.

General Atlantic Makes Strategic Growth Investment in GoodVets

September 13, 2023

Healthcare Services

General Atlantic has made a strategic growth investment in GoodVets, joining existing investor SkyKnight Capital to support the veterinary care platform's de novo expansion. The capital and strategic resources will help GoodVets accelerate new clinic openings and build a scaled national provider of general and urgent veterinary care.

Altano Group Acquires Avanti Equine Veterinary Partners

April 6, 2023

Veterinary

Altano Group (Altano Gruppe GmbH) has acquired Avanti Equine Veterinary Partners, adding the U.S.-based equine hospital group to its international network. Avanti—founded in 2017 with seven U.S. locations and more than 140 employees—will be integrated into Altano's expanding equine clinic platform to strengthen the group's U.S. presence and specialist capabilities.

Avego Healthcare Capital Invests in Ellie Diagnostics

November 10, 2021

Healthcare Services

Avego Healthcare Capital has made a growth equity investment in Ellie Diagnostics to support the company's expansion as an independent veterinary diagnostics laboratory in the United States. The capital will be used to develop new diagnostic tools, enhance clinical capabilities, and expand service reach to veterinarians nationwide.

Nordic Capital Acquires Atlantic Street Capital's Stake in United Veterinary Care

April 23, 2021

Healthcare Services

Nordic Capital has agreed to invest in United Veterinary Care (UVC), acquiring the shareholdings controlled by Atlantic Street Capital and joining UVC's veterinary owner-practitioners as a major shareholder. UVC is a Palm Beach Gardens, Florida–based multi-location veterinary group operating more than 60 hospitals across 13 U.S. states with over 1,200 employees; the transaction supports the company's continued organic and acquisitive growth.