M&A Deal Summary

EQT Private Capital Asia Acquires VetPartners

On October 11, 2023, private equity firm EQT Private Capital Asia acquired consumer services company VetPartners from National Veterinary Associates

Acquisition Highlights
  • This is EQT Private Capital Asia’s 1st transaction in the Consumer Services sector.
  • This is EQT Private Capital Asia’s 2nd transaction in Australia.

M&A Deal Summary

Date 2023-10-11
Target VetPartners
Sector Consumer Services
Buyer(s) EQT Private Capital Asia
Sellers(s) National Veterinary Associates
Deal Type Divestiture

Target

VetPartners

Macquarie Park, Australia
VetPartners is a provider of veterinary services ranges from basic preventative healthcare advice and services, through to higher acuity complex surgery. VetPartners was founded in 2016 and is based in Macquarie Park, Australia.

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Buyer(S) 1

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 62 of 69
Sector: Consumer Services M&A 1 of 1
Type: Divestiture M&A Deals 9 of 9
Country: Australia M&A 2 of 3
Year: 2023 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-28 Tricor

Hong Kong, China

Tricor is a corporate services provider across 20 markets globally, with a strong presence in 13 markets in the APAC region. It offers a range of services across accounting and payroll for MNCs and SMEs, corporate governance and secretarial services for both listed and unlisted companies, and investor and share registry services. Tricor was founded in 2000 and is based in Hong Kong, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-10 Benesse Holdings

Okayama, Japan

Benesse Holdings is a provider of education services for all ages and is a household brand within the domestic education sector. Benesse Holdings was founded in 1955 and is based in Okayama, Japan.

Buy -

Seller(S) 1

SELLER

National Veterinary Associates

Agoura Hills, California, United States

Category Company
Founded 1996
Sector Consumer Services
DESCRIPTION

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


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Ethos Veterinary Health

Woburn, Massachusetts, United States

Ethos Veterinary Health is a provider of specialty veterinary health services, including 24/7 emergency care, surgical procedures, radiology services and internal medicine. Ethos operates 21 specialty and emergency hospitals and employs over 300 doctors of veterinary medicine. Ethos Veterinary Health was founded in 2015 and is based in Woburn, Massachusetts.

Buy $1.7B