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Latham & Watkins Advises on Preferred Equity and Unitranche Financing for AmeriVet Veterinary Partners’ Acquisition by AEA Investors LP and a Subsidiary of ADIA
March 25, 2022
Capital markets and banking teams represent the purchasers and direct lenders in the financing for the acquisition of a leading consolidator of veterinary practices.
Latham represented the purchasers in a US$152 million preferred equity financing and direct lenders in a US$1.021 billion unitranche facility, all of which closed on February 25, 2022. The proceeds of the private capital financings were used to support the acquisition of AmeriVet Veterinary Partners, a leading consolidator of veterinary practices, by funds managed by AEA Investors LP and by a subsidiary of the Abu Dhabi Investment Authority from Imperial Capital Group.
The Latham team was led by New York partners Stelios Saffos, Alfred Xue, and Jason Ewart and Houston partner Pamela Kellet and New York counsels Michael Saliba and Seung-Ju Paik, with New York associates Beste Bozkurt Egel-Weiss, Yekaterina Fomitcheva, Erin Gilgen, and Sean Travers. Advice was also provided on tax matters by New York partners Jocelyn Noll and Elena Romanova, with New York associate Jacob Nagelberg; on uniform commercial code matters by New York counsel Brian Rock; and on healthcare matters by Bay Area counsel Betty Pang.