Letter One to acquire Destination Pet.

Letter One, an international investment business headquartered in Luxembourg, agreed to acquire Destination Pet, a US pet health care provider. Financial terms were not disclosed. "With a differentiated platform and an experienced global management team, the acquisition of Destination Pet fits squarely within our focus on building leading companies and teams that occupy a strategic role in the healthcare sector. We share in the company's vision to deliver a new model of innovation in the animal health space and believe the business is positioned to grow in an attractive and growing market which will create significant value going forward," Meghan Fitzgerald, L1 Health Managing Partner.