Animal funds

Harris Williams advises Alliance Animal Health on its significant L Catterton growth investment

RICHMOND, Virginia–(BUSINESS WIRE)–Harris Williamsa global investment bank specializing in M&A advisory services, announces that it has advised Alliance Animal Health on its major growth investment in the Flagship Fund of L Catterton. Alliance Animal Health is a leading acquirer and operator of companion animal veterinary hospitals. LightBay Capital (LightBay) will retain a significant minority stake. The operation was carried out by Whit Knier Harris Williams Health and Life Sciences Group (HCLS) and Corey Benjamin, Beau Pierce, Trey Shehanand Kelly Soudachanh from the firm consumer group.

“It’s amazing how Alliance Animal Health has grown since its inception five years ago. With its physician-centric culture, unique partnership model, and strong corporate infrastructure, Alliance Animal Health delivers an unparalleled experience for pets, pet families, and veterinary partners. We are confident that Alliance Animal Health will continue its strong growth trajectory with the help of the L Catterton and LightBay and we look forward to following the continued success of the business,” said Whit Knier, Managing Director of Harris Williams.

“Leveraging the expertise and experience of the HCLS Group and the company’s consumer group has enabled us to achieve an optimal outcome for Alliance Animal Health,” said Corey Benjamin, Managing Director at Harris Williams. “Alliance Animal Health is a truly unique veterinary services platform, and we look forward to seeing what management and the company achieve in their next chapter in partnership with L Catterton.

“Harris Williams, with his full support, guidance and knowledge of the veterinary services industry, has done a fantastic job throughout the process which has led to an outstanding outcome for Alliance Animal Health,” said Matthew Sussman, CEO and co-founder of Alliance Animal. Health. “We really appreciate everyone at Harris Williams, and we look forward to partnering with L Catterton and LightBay to execute Alliance Animal Health’s next stage of growth.

Alliance Animal Health is the owner, operator and business partner of several sites for veterinarians in the United States. Founded in 2016, Alliance Animal Health enables veterinarians to continue to practice medicine independently while providing resources and assistance in business operations. Veterinarians retain all of the benefits of being an independent practice, but gain the added benefits of being part of a larger organization. These include access to professional marketing, inventory management expertise, purchasing power, collaborative synergies and financial resources.

LightBay is a growth-focused Los Angeles-based private equity firm that takes a flexible approach to middle market investing. Primarily focused on healthcare, business and consumer services companies, LightBay invests across the capital structure and in all market environments to help accelerate the growth of high-quality businesses.

With over $30 billion in equity across its fund strategies and 17 offices globally, L Catterton is the world’s largest consumer-focused private equity firm. Leveraging deep category knowledge, operational excellence and an extensive network of strategic relationships, L Catterton’s team of nearly 200 investment and operating professionals helps management teams around the world build strong, category-leading brands. Since 1989, the firm has made more than 250 investments in consumer businesses.

Harris Williams, an investment bank specializing in M&A advisory services, defends sellers and buyers of businesses around the world through critical stages and provides sound advice throughout the life of their businesses. By collaborating as one company across industry groups and geographies, the company helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in execution and to building lasting and valuable relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams HCLS Group has experience across a wide range of industries, including healthcare providers; payers and payer services; outsourced pharmaceutical services; medical device supply chain; health informatics; and pharmacy. For more information on the HCLS Group and other recent transactions, visit HLS Group section of the Harris Williams website.

Harris Williams Consumer Group has completed transactions in various verticals, including branded consumer products; consumer services; food, beverages and agro-industry; and catering and retail. For more information on the Harris Williams Consumer Group and recent transactions, visit consumer group section of the Harris Williams website.

Harris Williams LLC is a registered broker and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited company incorporated under the laws of England with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, United Kingdom, registered with the Registrar of Companies for England and Wales (registration number registration 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court in Frankfurt am Main, Germany under number HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main. -le-Main, Germany (e-mail address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trading name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH operate.