July 31, 2020

Berkshire Partners Acquire VetStrategy

Goodmans LLP represented Berkshire Partners LLC (“Berkshire”) in its July 31, 2020 acquisition of a majority stake in VetStrategy from Imperial Capital with a deal value of over US$1 billion. This deal allowed VetStrategy to further invest in their network of clinics across Canada and provide the flexibility to continue to grow through acquisitions in the coming years.

VetStrategy is Canada’s leading and largest operator of veterinary clinics. Berkshire is an investment firm with a long history of partnering with Canadian companies. This investment is the largest in a series of financings that have backed VetStrategy’s growth since 2013.

The deal was signed and fully diligenced in five days. The deal closed in one month. The fastest time ever from bid to close by both Berkshire and by Imperial.

Clients note, "They have the right combination of technical knowledge and business sense." — Chambers Canada, 2023
Clients have noted, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada, 2023
Clients note, "They get our business and what we're trying to accomplish. It's not just technical advice." — Chambers Canada, 2023
Goodmans is an eminent Toronto M&A firm with a notable profile in the REITs space. — Chambers Canada, 2022
One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada, 2022
Offers a broad domestic and international M&A practice, representing clients in bet-the-company level transactions. — The Legal 500 Canada, 2022
Clients comment the Goodmans team is "incredibly responsive and provides high quality advice and support on large projects." — IFLR1000, 2021
One interviewee noted: "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global, 2022
Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global, 2021
Clients commend Goodmans for being, "very entrepreneurial in their culture, in addition to being able to provide sophisticated and excellent legal assistance." — Chambers Canada, 2023

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