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.
Featured Work
-
Mergers and Acquisitions
Cineplex Inc.'s Player One Amusement Solutions Business to be Acquired By OpenGate Capital
Goodmans LLP is acting for Cineplex Inc., a Canadian entertainment and media company, in connection with OpenGate Capital acquiring the amusement solutions business of Cineplex… -
Mergers and Acquisitions
Playmaker Capital Inc. enters into an agreement to be acquired by Better Collective A/S
Goodmans LLP is acting for Playmaker Capital Inc. in connection with entering into an agreement to be acquired by Better Collective A/S… -
Mergers and Acquisitions
Group led by Michael Andlauer buys Ottawa Senators
Goodmans LLP acted for an entity controlled by Michael Andlauer in its purchase of the Ottawa Senators Hockey Club from the Melnyk Estate… -
Mergers and Acquisitions
Ratio.City acquired by Esri Canada
Goodmans LLP acted for Ratio.City in its acquisition by Esri Canada… -
Aging and Health Care
Revera Inc. sells interest in certain long-term care homes to Extendicare
Goodmans LLP acted for Revera Inc. with respect to its sale of its 15% ownership interest in 25 long-term care homes in Ontario and Manitoba to Extendicare Inc., which now own them in a joint venture… -
Mergers and Acquisitions
Ace Beverage Group acquired by Corby Spirit and Wine
Goodmans LLP acted for Ace Beverage Group in the acquisition of 90% of its outstanding shares by Corby Spirit and Wine Limited for $148.5 million…