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New Deal


Announced

Completed

Partners Group completed the acquisition of Wedgewood Pharmacy from New Harbor Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

pharmacy chain

Specialty Retailers

Cross Border

Majority

Private

United States

Friendly

Acquisition

Single Bidder

animal health products

Private Equity

Synopsis

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Partners Group, the global private markets investment manager, completed the acquisition of Wedgewood Pharmacy, a US animal-health compounding pharmacy business, from private equity firm New Harbor Capital. Financial terms were not disclosed. "Wedgewood operates in an attractive, resilient market segment with strong fundamental growth drivers identified by our Thematic Sourcing approach. We have strong conviction in the pet and veterinary sector and the Company's talented management team, as well as in our ability to offer significant value given our established success building franchised specialty healthcare platforms in the US. The Company is an excellent candidate to achieve its next phase of growth supported by Partners Group's transformational investment strategy of operational improvement through active ownership. We look forward to working with Wedgewood to build further value in the business on behalf of all its stakeholders," Chris Russell, Partners Group Managing Director.

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