Powered by

Ares Management to sell National Veterinary Associates

Jun 21, 2019 - L.A. Biz
Board and Executive Moves-Mergers and Acquisitions

Investment management firm Ares Management Corp. has agreed to sell National Veterinary Associates, one of the world's largest veterinary and pet care services organizations, to JAB Investors, which has investments ranging from Panera Bread to Coty beauty products.

Los Angeles-based Ares Management (NYSE: ARES) didn't disclose financial terms of the deal but said a fund managed by its private equity group and minority partner OMERS Private Equity, one of Canada's largest defined benefit pe...