Economic news
Shore Capital, Silver Lake in talks over $8.6 billion pet care deal, Bloomberg News reports
2024.11.01 16:49
(Reuters) -Private equity firm Shore Capital Partners is in talks to partner with Silver Lake Management to combine two veterinary groups through an $8.6 billion deal, Bloomberg News reported on Friday, citing people familiar with the matter.
Shore is working to merge portfolio companies Southern Veterinary Partners and Mission Veterinary Partners and recapitalize the combined entity with an investment from California-based Silver Lake, according to the report.
The two private equity firms would co-own the combined entity and together contribute about $4 billion of fresh equity to the company, the Bloomberg report said.
Silver Lake and Shore Capital did not immediately respond to Reuters’ requests for comment.
