M&A Deal Summary

VIP Petcare Acquires PawsPlus

On August 1, 2014, VIP Petcare acquired consumer services company PawsPlus from H.I.G. Private Equity

Acquisition Highlights
  • This is VIP Petcare’s 1st transaction in the Consumer Services sector.
  • This is VIP Petcare’s 1st transaction in the United States.
  • This is VIP Petcare’s 1st transaction in Florida.

M&A Deal Summary

Date 2014-08-01
Target PawsPlus
Sector Consumer Services
Buyer(s) VIP Petcare
Sellers(s) H.I.G. Private Equity
Deal Type Merger

Target

PawsPlus

Sarasota, Florida, United States
PawsPlus provides affordable pet health services in the form of pet hospitals and over 10,000 annual vaccination clinics in pet retailers across the country.

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Buyer(S) 1

Buyer

VIP Petcare

Windsor, California, United States

Category Company
Sector Consumer Services
DESCRIPTION

Community Veterinary Clinics LLC is a provider of preventative and wellness veterinary services throughout the United States via its network of clinics. The Company’s more than 2,500 community clinics, located in locally-based pet stores and feed stores, offer a wide variety of preventative pet care services, including diagnostic tests, vaccinations, prescription medications, microchipping and wellness checks. In addition, CVC sells a wide variety of prescription diets, medication, and other pet supplies through its online ecommerce store.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 55 of 180
Sector: Consumer Services M&A 1 of 6
Type: Merger M&A Deals 3 of 5
State: Florida M&A 9 of 20
Country: United States M&A 48 of 123
Year: 2014 M&A 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Compania del Tropico

Barcelona, Spain

Compania del Tropico is a multi-brand coffee-shop and fast casual dining operator. Compania del Tropico is a network of fully owned premises in the growing and fragmented Spanish food-service market. Compania del Tropico is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 Lulus

Chico, California, United States

Lulus is an online destination for chic and on-trend fashion, providing superior customer service, a carefully curated selection, and a personalized shopping experience. Lulus was founded in 1996 and is based in Chico, California.

Buy -