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TSG Consumer Partners Acquires Pathway Vet Alliance from Morgan Stanley Capital Partners

TSG Consumer Partners, a leading private equity firm focused exclusively on the branded consumer and retail sectors, announced that it has acquired a majority stake in Pathway Vet Alliance LLC from investment funds managed by Morgan Stanley Capital Partners. As part of the transaction, Pathway management will continue to lead the Company and retain a significant minority stake. Financial terms of the transaction were not disclosed. Ropes & Gray LLP acted as legal advisor, and BofA Securities, Inc., Guggenheim Securities LLC and William Blair & Company acted as co-financial advisors to TSG. Debevoise & Plimpton LLP acted as legal advisor, and Harris Williams acted as financial advisor to the Company and MSCP. Jefferies LLC and Jamieson Corporate Finance advised the management shareholders.