Mercury rising on vet roll-ups
Summary
Private equity firm Mercury Capital has made its final investment in its first fund, snapping up Perths VetWest and AdelaideAnimal Hospital in a deal valued around $60 million.The vet care businesses have 11 hospitals, focusing on pet care and well-being. It is understood there are plans to expand product offerings like the Total Wellness Plan (think dogs answer to preventative medicine), and double the size of the business in coming years amid a fragmented industry.
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