M&A Deal Summary

TSG Consumer Partners Acquires Thrive Pet Healthcare

On April 3, 2020, private equity firm TSG Consumer Partners acquired consumer services company Thrive Pet Healthcare from Morgan Stanley Capital Partners

Acquisition Highlights
  • This is TSG Consumer Partners’ 4th transaction in the Consumer Services sector.
  • This is TSG Consumer Partners’ 44th transaction in the United States.
  • This is TSG Consumer Partners’ 4th transaction in Texas.

M&A Deal Summary
Date 2020-04-03
Target Thrive Pet Healthcare
Sector Consumer Services
Buyer(s) TSG Consumer Partners
Sellers(s) Morgan Stanley Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

Thrive Pet Healthcare

Austin, Texas, United States
Thrive Pet Healthcare is a veterinary service network that uniquely delivers a continuum of care to pet families and services to veterinary hospitals. With an industry-first membership program and over 400 acute, primary, and specialty hospitals, Thrive Pet Healthcare offers personalized, accessible care through every stage of a pet's life and health. Thrive Pet Healthcare was founded in 2003 and is based in Austin, Texas.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.

DEAL STATS #
Overall 48 of 57
Sector (Consumer Services) 4 of 5
Type (Secondary Buyout) 6 of 12
State (Texas) 4 of 4
Country (United States) 44 of 52
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Hempz

Dallas, Texas, United States

Hempz specialises in hair care and bodycare products made from natural hemp seed oil, offering a range of lotions, shampoos, and conditioners. Hempz was founded in 1998 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 ATI Restoration

Anaheim, California, United States

ATI Restoration provides a wide range of restoration, environmental remediation, and reconstruction services across a spectrum of industries and end-markets. ATI Restoration was founded in 1989 and is based in Anaheim, California.

Buy -

Seller(S) 1

SELLER

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 19 of 25
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 6 of 9
State (Texas) 2 of 3
Country (United States) 15 of 21
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-12 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Contanda

Houston, Texas, United States

Contanda is a premier provider of storage and logistics services to owners of bulk liquids in North America. Contanda has over seven million barrels of storage capacity across 15 terminals in North America. The business is focused on growth in the petrochemical, hydrocarbon, and renewable markets while maintaining a leading market position in the refined products, renewable fuels, chemical, and agricultural sectors. Contanda is based in Houston, Texas.

Sell -
Mergr

Product

Company

Legal