L Catterton’s Investment in Alliance Animal Health

Cravath, Swaine & Moore represented founders of Alliance Animal Health in connection with the transaction.

Alliance Animal Health, a leading acquirer and operator of veterinary hospitals for companion animals, has received a significant growth investment from the Flagship Fund of L Catterton, a consumer-focused private equity firm. LightBay Capital will retain a significant minority stake. 

Founded in 2016 by Matthew Sussman, Jake Sloane, and Frank Zhang, Alliance Animal Health allows veterinarians to continue to practice medicine independently while providing resources and assistance in business operations. 

With more than $30 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. 

LightBay Capital is a Los Angeles-based growth-focused private equity firm that applies a flexible approach to middle-market investing.

The Cravath team was led by partner G.J. Ligelis Jr. (Picture) and included senior attorney R. Kirkie Maswoswe on M&A matters; partner Lauren Angelilli, retired partner Andrew W. Needham and associates Cecily Xi and Joana W. Li on tax matters; and associate Christopher C. Gonnella on executive compensation and benefits matters. Max D. Brashear also worked on M&A matters and Molly E. Nichols also worked on executive compensation and benefits matters.

Involved fees earner: Lauren Angelilli – Cravath Swaine & Moore; Christopher Gonnella – Cravath Swaine & Moore; Joana Li – Cravath Swaine & Moore; G.J. Ligelis Jr. – Cravath Swaine & Moore; Kirkie Maswoswe – Cravath Swaine & Moore; Andrew Needham – Cravath Swaine & Moore; Cecily Xi – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Sloane Jake; Sussman Matthew; Zhang Frank;