BC Partners prepares sale of VetPartners
BC Partners has appointed JP Morgan and Jefferies to oversee the deal.
Private equity firm BC Partners is preparing to sell VetPartners in a deal that could be worth more than £3bn, according to a report by Sky News.
The report states that an auction will take place later this year, and that BC Partners has appointed two banks, JP Morgan and Jefferies, to oversee the process.
CVC Capital Partners, which has a stake in Medivet, is reported to be one of a considerable number of buyout firms already preparing bids for the company.
Established by CEO Jo Malone in October 2015, VetPartners employs some 7,500 employees at 500 sites across the UK and from its York headquarters.
The firm expanded into mainland Europe in 2019 with the purchase of four small animal practices in Italy. It has since bought practices in France, Spain, Portugal, Germany and Ireland.
VetPartners was acquired by BC Partners in 2018 for £700 million.
BC Partners has been contacted for comment.
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