Morgan & Co provided financing to Mars for the transaction. Skadden, Arps, Slate, Meagher & Flom is serving as Mars’ legal advisor with Simpson Thacher & Bartlett providing legal advice for the debt financing.īarclays was the exclusive financial advisor to VCA and Akin Gump Strauss Hauer & Feld LLP served as VCA’s legal advisor. VCA’s partnerships with veterinarians and pet care providers, as well as their breadth and expertise in veterinary services, diagnostics and technology, will position all of us to deliver more comprehensive care and continue on our journey supporting our Purpose: A BETTER WORLD FOR PETS™.” “This is a great day for all of us as we take a significant step forward in providing quality care and health services for thousands of more pets.
“I want to welcome the 25,000+ VCA team members to the Mars Petcare family of companies,” said Mars Global Petcare President Poul Weihrauch.
VCA will continue to be led by Bob Antin, a co-founder of VCA, as Chief Executive Officer, and will remain headquartered in Los Angeles, California. VCA will operate as a distinct and separate business within Mars Petcare, alongside its other veterinary services businesses, BANFIELD® Pet Hospital, BLUEPEARL® and PET PARTNERS™. On January 9, 2017, Mars and VCA announced that they had entered into an agreement for Mars to acquire VCA for $93 per share in a transaction valued at approximately $9.1 billion. (NASDAQ: WOOF) today announced the successful completion of Mars’ previously announced acquisition of VCA. MCLEAN, VA and LOS ANGELES, CA, Septem– Mars, Incorporated and VCA Inc. Transaction reaffirms Mars’ commitment to the pet care industry.