Source: PR Newswire
Thrive Pet Healthcare, a national network of over 360 Veterinary hospitals, has completed a new financing transaction that provides over $350 million in enhanced liquidity and extends the maturity of all its debt instruments. The transaction, fully supported by Thrive’s existing lenders and equity sponsor TSG Consumer Partners, strengthens the company’s financial position and supports its continued operational growth.
CEO Tad Stahel emphasized that the deal reflects strong confidence in Thrive’s strategic direction and leadership. The additional capital will allow Thrive to advance its mission of supporting pets, families, and veterinary professionals. Financial advisory for the transaction was provided by Evercore Group LLC, PJT Partners Inc., and Perella Weinberg Partners, while legal counsel came from Ropes & Gray LLP, Akin Gump Strauss Hauer & Feld LLP, and Latham & Watkins. The refinancing marks a pivotal step in Thrive’s strategy to expand its footprint and long-term growth trajectory.