Announced
Completed
Financials
Tags
Completed
pharmacy chain
Specialty Retailers
Cross Border
Majority
Private
United States
Friendly
Acquisition
Single Bidder
animal health products
Private Equity
Synopsis
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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