Simpson Thacher is representing Mars, Incorporated in connection with its investment in Vetsource, which will result in Mars Petcare becoming Vetsource’s lead investor. Vetsource will continue to operate with the current management team and investors representing a cross section of the pet care industry. Financial terms of the transaction were not disclosed.
Mars Petcare is part of Mars, Incorporated, a global, family-owned business. Mars Petcare provides science-backed pet food, care and treats and is also a leading veterinary health provider with an international network of over 2,500 pet hospitals. Vetsource is a pet health company that provides innovative pharmacy, technology and business services to more than 9,000 veterinary practices in the United States.
The Simpson Thacher team includes Eric Swedenburg, Michael Chao and Heesu Kim (M&A); Greg Grogan, Laura Gallo and Allison Sweeney (ECEB); Jonathan Goldstein and Lina Pan (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); and Sara Razi, Kelly Karapetyan, John Goheen, William Kearney and Andrew Jensen (Antitrust).