M&A Deal Summary

Swedencare Acquires Vetio Animal Health

On July 1, 2021, Swedencare acquired consumer products company Vetio Animal Health from Northstar Capital and Thompson Street Capital Partners

Acquisition Highlights
  • This is Swedencare’s 1st transaction in the Consumer Products sector.
  • This is Swedencare’s 1st transaction in the United States.
  • This is Swedencare’s 1st transaction in Missouri.

M&A Deal Summary
Date 2021-07-01
Target Vetio Animal Health
Sector Consumer Products
Buyer(s) Swedencare
Sellers(s) Northstar Capital
Thompson Street Capital Partners
Deal Type Add-on Acquisition

Target

Vetio Animal Health

St. Louis, Missouri, United States
Vetio Animal Health is a contract manufacturer of proprietary chemical-based products and solutions. Vetio Animal Health was founded in 1989 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Swedencare

Malmö, Sweden
Category Company
Founded 1993
Sector Consumer Products
Employees559
Revenue 2.3B SEK (2023)
DESCRIPTION

Swedencare provides a broad portfolio of premium products in animal health, distributed to veterinarians, pet stores, and pharmacies through an effective distribution network, supplemented with local retailers. Swedencare was founded in 1993 and is based in Malmö, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 61 of 80
Sector (Consumer Products) 5 of 8
Type (Add-on Acquisition) 21 of 27
State (Missouri) 2 of 3
Country (United States) 59 of 76
Year (2021) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Classic Accessories

Kent, Washington, United States

Classic Accessories is a designer and distributor of outdoor product covers. Classic Accessories' products protect and cover consumers' outdoor gear, including cars, RVs, motorcycles, patio furniture, grills, boats, snowmobiles, power equipment, generators, ATVs, UTVs, and golf carts. Classic Accessories was founded in 1983 and is based in Kent, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Barcode

Bentonville, Arkansas, United States

Barcode optimizes growth for forward-thinking CPG companies in Walmart and Sam’s Club through complete account management and an unmatched suite of services and expertise. The company allows its clients to appreciate a hands-off and thriving Walmart business, which empowers them to redirect their efforts and expand in other retailers. Barcode was formed in 2006 and is based in Bentonville, Arkansas.

Buy -
SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 35 of 47
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 18 of 24
State (Missouri) 3 of 5
Country (United States) 35 of 47
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Tabs3

Lincoln, Nebraska, United States

Tabs3 is a provider of financial and practice management software for small to mid-size law firms. The Company’s flagship software platform, Tabs3, performs mission-critical billing, time-keeping, and financial management functions and automates back-office workflows. PracticeMaster, STI’s practice management software platform, delivers non-financial practice management tools to manage cases, contacts, calendars, and documents. Tabs3 and PracticeMaster are fully integrated and provide users with a single unified interface. Tabs3 was founded in 1979 and is based in Lincoln, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 StayLock Storage

St. Louis, Missouri, United States

StayLock Storage is a provider of self-storage, under the StayLock banner. The facilities feature 916 non-climate controlled storage units and 37 spaces for boat and vehicle parking with five locations in Northwest Indiana. Locations include Demotte, Hebron, Kouts, Wheatfield, and Winfield (Lake of the Four Seasons), Indiana. StayLock Storage was founded in 2016 and is based in St. Louis, Missouri.

Sell -
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