TPG to acquire Greencross A$669m.

TPG Capital agreed to acquire Greencross, an Australian veterinary clinics operator, for A$669m. The offer is at a 22% premium to Greencross shares’ last closing level of A$4.54. TPG's Head of Australia and New Zealand, Mr Joel Thickins said: “We are pleased to have reached unanimous agreement with the Greencross Board on this proposal. Under private ownership the Greencross business, brands and products will continue to grow and provide world-class services to the increasing number of pet lovers in Australia and New Zealand.”