Swedish private equity firm EQT Partners has agreed to buy VetPartners for approximately $1.4 billion, inking one of this year’s fastest transactions.
EQT’s dealmaker David Forde signed the dotted line for the veterinary chain on Tuesday, people familiar with the transaction said. Investment bankers gave prospective bidders less than a month to make offers for VetPartners as its parent National Veterinary Associates strengthened its balance sheet ahead of a potential initial public offering.
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Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
