Golub Finances Ontario Teachers’ Pension Plan’s Acquisition
Golub Capital announced that as joint lead arranger, joint bookrunner and administrative agent it provided a $232.25 million facility to support the acquisition of PetVet Care Centers by Ontario Teachers’ Pension Plan. The transaction was led by Teachers’ Private Capital, the private equity arm of Teachers’.
“PetVet is a best-in-class veterinary business with tremendous growth potential by delivering a high degree of care to its customers. Moreover, PetVet marks the first lead transaction between Golub Capital and TPC,” said Hyun Chang, Managing Director of Golub Capital. “We are delighted to be partnering with TPC and PetVet senior management in supporting the Company’s next chapter of exciting growth.”
Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan with C$140.8 billion in net assets.