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New Deal


Announced

Linnaeus to acquire Specialist Group from Pets at Home Group for $133m.

Financials

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Transaction Value£100m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Friendly

Single Bidder

Disposal

Majority

Acquisition

Pending

Private

Health Care Services

veterinary surgeries

Domestic

Synopsis

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Linnaeus Group, a veterinary group operating over 150 veterinary clinics across the UK and a subsidiary of Mars Veterinary Health, agreed to acquire five Specialist referral practices from Pets at Home Group, a pet care business, for $133m. "Pets at Home is the UK's leading pet care business, across our retail and veterinary operations. This disposal does not deviate from our core focus of providing customers with affordable, convenient, engaging and flexible pet care solutions through our growing online platform and estate of 440 First Opinion veterinary practices and 451 stores," Peter Pritchard, Pets at Home Group Chief Executive Officer.

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