COLUMBUS, OH (July 15, 2019) ­­­­– MedVet, a growing nationwide network of specialty and emergency veterinary hospitals, has secured an investment from entities affiliated with the Goldman Sachs Merchant Banking Division emphasizing the strong interest and importance in expanding the availability of specialty healthcare for pets. “As one of the largest veterinarian led and owned organizations in the U.S., we are thrilled to have the support of the Goldman Sachs team to help accelerate our healthy growth and the advancement of our mission of Leading Specialty Healthcare for Pets,” said Dr. Eric Schertel, Executive Chairman of the MedVet Board. “We are also appreciative of the advisory support received from the Harris Williams team throughout this investment process.”

MedVet is also pleased to announce that SkyKnight Capital and Stonehenge Partners, MedVet’s previous investors, will join Goldman Sachs in the investment. “As previous minority investors in MedVet, we look forward to their continued insight and support of our business, and more importantly the successful execution of our key strategies of the Employee Experience, MedVet Experience, and Healthy Growth,” said Dr. Linda Lehmkuhl, Chief Executive Officer of MedVet.

“We believe in the growing need for specialty and emergency veterinary services and are excited to partner with Eric, Linda and the MedVet team to help support their mission to provide greater access to high quality, collaborative pet care,” said Jo Natauri, Global Head of Healthcare Investing for the Goldman Sachs Merchant Banking Division.

“MedVet is an exceptional company and we are excited to expand our partnership,” said Matthew Ebbel, the Managing Partner of SkyKnight Capital. “With this investment, MedVet is extremely well positioned to continue its nationwide expansion and deliver on its mission to lead specialty healthcare for pets.”

ABOUT MEDVET

Veterinarian led and owned since 1988, MedVet is a growing, nationwide network of hospitals committed to delivering the highest quality, most compassionate specialty and emergency veterinary care available in the nation. More than 2,000 team members, working in 24 locations throughout the Midwest, Gulf Coast, Texas, and Western United States, help to advance MedVet’s mission of Leading Specialty Healthcare for Pets. Through this effort, MedVet serves more than 250,000 pets and their families and over 7,500 referral partners each year. Learn more at medvet.com.

ABOUT GOLDMAN SACHS
Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division is the primary center for the firm’s long-term principal investing activity. With nine offices across seven countries, Goldman Sachs Merchant Banking Division is one of the leading private capital investors in the world with equity and credit investments across corporate, real estate and infrastructure strategies. Since 1986, the group has invested approximately $180 billion of levered capital across a number of geographies, industries and transaction types.

ABOUT SKYKNIGHT CAPITAL
Founded in 2015, SkyKnight brings together an experienced investment team and a flexible, long duration approach to private equity investing. SkyKnight focuses on partnering with high quality businesses in acyclical growth sectors alongside exceptional management teams. SkyKnight manages capital on behalf of institutional family offices and leading endowments. The firm seeks investments in the healthcare; technology, media and telecom; transportation and logistics; and business services industries. SkyKnight platform investments to date have consisted of equity commitments ranging from $10 to over $200 million.

ABOUT STONEHENGE PARTNERS
Stonehenge Partners directs the investment activities for approximately $1 billion in capital commitments. The firm’s investment professionals have extensive experience sourcing, evaluating and structuring private equity capital transactions, including expansion and growth capital, management buyouts, leveraged acquisitions and recapitalization. Stonehenge Partners often invests equity and subordinated debt in the same company offering an integrated solution for all capital requirements in a transaction. The firm has the flexibility to invest in a variety of structures including common equity, preferred equity and subordinated debt.

ABOUT HARRIS WILLIAMS
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestone and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objective and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

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