Ropes & Gray Advises TSG in its Purchase of Pathway Vet Alliance LLC

Ropes & Gray advised TSG Consumer Partners on its acquisition of a majority stake in Pathway Vet Alliance LLC from investment funds managed by Morgan Stanley Capital Partners. The transaction was announced on April 3. Terms of the transaction weren’t disclosed. The press release is here. 

Founded in 2003, Pathway is a leading owner and operator of over 270 general practice, specialty and emergency veterinary hospitals throughout the U.S. Pathway also operates 86 veterinary clinics under the THRIVE brand, which provide affordable and convenient care to underserved pet families. TSG Consumer Partners, LLC is a leading private equity firm focused exclusively on the branded consumer sector. 

The Ropes & Gray team that advised TSG included a cross-office team involving lawyers principally from the firm’s New York, Boston and Bay Area offices, and was led by private equity partners Christopher Comeau and Paul Van Houten, and included finance partners Andrea Hwang and Alexander Zeltser, tax partner Pam Glazier, health care partner Timothy McCrystal, labor & employment partner Megan Bisk as well as real estate partners Jack Creedon and Peter Alpert and IP transactions partner Megan Baca.