Vet and pet store giant Greencross set for private equity takeover
Australia's largest vet clinic and pet store owner Greencross is heading towards private ownership, after the group accepted a $5.55 per share takeover bid from TPG Capital. The company - which owns 250 pet stores under the Petbarn and City Farmers brands, as well as 190 vet clinics and emergency animal hospitals - is coming under pressure as online players including Amazon squeeze in on its market, and TPG says private ownership will enable Greencross to continue to grow.
