Veterinary Practice Partners has been acquired by Audax Private Equity
|Deal Type||Mergers & Acquisitions|
|Client & Transactional Partners||
Veterinary Practice Partners
Audax Private Equity
|Our Role||Sell-Side Advisor|
Veterinary Practice Partners, a leading veterinary practice management group and portfolio company of Pamlico Capital has been acquired by Audax Private Equity. The Company’s management team will continue to lead VPP and remain significant owners of the business.
Cain Brothers, a division of KeyBanc Capital Markets served as co-financial advisor to Veterinary Practice Partners, a portfolio company of Pamlico Capital.
VPP, headquartered in King of Prussia, Pennsylvania, has a differentiated, co-ownership model that enables veterinarians to focus on providing high quality care to patients and foster a strong culture at their individual hospital, while VPP provides operational support across learning and development, HR and recruiting, marketing, technology, and finance. VPP partners with veterinarians across more than 85 practices in over 20 states, caring for over 200,000 patients.
Pamlico Capital is a private equity firm that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business & technology services, communications, and healthcare. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion.
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $7 billion in more than 140 platforms and over 1000 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.