M&A Deal Summary

JAB Holding Company Acquires Compassion-First Pet Hospitals

On February 25, 2019, private equity firm JAB Holding Company acquired consumer services company Compassion-First Pet Hospitals from Quad-C Management for 1.2B USD

Acquisition Highlights
  • This is JAB Holding Company’s 1st transaction in the Consumer Services sector.
  • This is JAB Holding Company’s 4th largest (disclosed) transaction.
  • This is JAB Holding Company’s 6th transaction in the United States.
  • This is JAB Holding Company’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-02-25
Target Compassion-First Pet Hospitals
Sector Consumer Services
Buyer(s) JAB Holding Company
Sellers(s) Quad-C Management
Deal Type Secondary Buyout
Deal Value 1.2B USD
Advisor(s) Jefferies (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Compassion-First Pet Hospitals

Tinton Falls, New Jersey, United States
website
Compassion-First Pet Hospitals is a family of well-known and respected specialty, emergency and general practice veterinary hospitals across the United States. Compassion-First operates a network of 41 hospitals and treatment facilities across 13 states, primarily in urban and suburban areas. Compassion-First provides specialty, emergency and general veterinary care supported by seamless multidisciplinary collaboration among its veterinarians.

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Buyer(S) 1

Buyer

JAB Holding Company

website

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

JAB Holding Company is a global investment firm focused on acquiring companies with premium consumer and strong growth prospects. JAB will consider both minority and majority stakes. JAB Holding Company is headquartered in Luxembourg.

DEAL STATS #
Overall 8 of 13
Sector (Consumer Services) 1 of 2
Type (Secondary Buyout) 3 of 4
State (New Jersey) 1 of 2
Country (United States) 6 of 9
Year (2019) 2 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Coty

New York, New York, United States

Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty was incorporated in 1904 and is headquartered in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 National Veterinary Associates

Agoura Hills, California, United States

National Veterinary Associates, Inc. is one of the largest veterinary and pet care services organizations in the world. NVA partners with over 700 general practice hospitals, specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Canada, Australia, and New Zealand. NVA’s 14,000 team members and 2,600 veterinarians are united by a common purpose – a love for animals and the people who love them – and a common mission – to improve the comfort and well-being of animals by providing progressive and compassionate care. NVA’s veterinarians and animal care professionals provide a full range of medical and surgical services. T

Buy -

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 3.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.

DEAL STATS #
Overall 35 of 47
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 18 of 27
State (New Jersey) 1 of 1
Country (United States) 32 of 42
Year (2019) 1 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 S.i. Systems

Calgary, Alberta, Canada

S.i. Systems is an IT staffing company that uses a proprietary web-based match-making solution called MatchGuide to provide precision contract and permanent placements for IT professionals across Canada. S.i. Systems was founded in 1994 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Colibri Group

St. Louis, Missouri, United States

Colibri Group helps millions of professionals manage and advance their careers through online learning solutions, all powered by a proprietary technology platform. Colibri Group offers a seamless experience to help licensed professionals progress throughout their careers, focused on licensing, continuing education, industry news, and job opportunities for healthcare, real estate, appraisal, and financial services, among other professions.

Sell -
Mergr

Product

Company

Legal