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Shore Capital and Silver Lake mull $8.6bn merger of veterinary groups

November 4, 2024
Private Equity News

Shore Capital Partners is reportedly in advanced talks with Silver Lake Management regarding an $8.6 billion merger of two prominent veterinary groups: Southern Veterinary Partners and Mission Veterinary Partners. This information comes from a Bloomberg report citing unnamed sources familiar with the negotiations.

The proposed merger aims to consolidate Shore Capital's two veterinary portfolio companies and will involve significant financial backing from Silver Lake, based in California. The deal would result in a newly formed entity co-owned by both firms.

Each company is expected to contribute around $4 billion in fresh equity to facilitate the merger and support future growth initiatives. This strategic move highlights the increasing interest in the veterinary services sector within the private equity landscape.

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Tags
Industry
Veterinary Services
Private Equity
Mergers and Acquisitions
Type
deal news
Strategy
large cap
Geography
UK
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