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Golub Capital provider $232.25m to Ontario Teachers' to buy PetVet Care Centers

Staff writer |
Golub Capital announced that as joint lead arranger, joint bookrunner and administrative agent it provided a $232.25 million senior credit facility to support the acquisition of PetVet Care Centers by Ontario Teachers' Pension Plan.

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The transaction was led by Teachers' Private Capital, the private equity arm of Teachers'.

PetVet is one of the nation's leading operators of veterinary hospitals for companion animals. With over 200 general veterinarians and board certified specialists ranging from emergency critical care to cardiology and orthopedic surgery, PetVet provides exceptional support to its veterinarian partners across the United States.

"PetVet is a best-in-class veterinary business with tremendous growth potential by delivering a high degree of care to its customers. Moreover, PetVet marks the first lead transaction between Golub Capital and TPC," said Hyun Chang, Managing Director of Golub Capital.

"We are delighted to be partnering with TPC and PetVet senior management in supporting the Company's next chapter of exciting growth."

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