Southern Veterinary Partners / Mission Pet Health

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Veterinary — Shore Capital / Silver Lake

Deal Terms

Entry Year2018

Entry EV$8.6B

Entry Multiple14x

Leverage5x

Debt Amount$2.9B

Risk Metrics

LTV (est.)34%

Debt / EV0.34x

Notes

Shore Capital merged SVP (420+ locations) with Mission Vet Partners (330+ clinics) in $8.6B deal (Dec 2024). Silver Lake invested $4B in new equity. $2.9B secured debt + $200M preferred. 750+ locations across 41 states. Largest PE-backed vet platform. Vet shortage + PE consolidation = fewer choices for pet owners.

Sponsor

Silver Lake$100B AUM