Ares Leads Pack for £1 Billion Debt Deal on VetPartners Sale

Ares Management Corp. is in pole position to provide as much as £1 billion ($1.2 billion) of private credit to finance a potential buyout of VetPartners amid interest from multiple possible bidders.

Ares is lining up funding for a buyout, while other private credit firms have also expressed an interest in financing the possible sale, according to people familiar with the matter, who declined to be identified because the discussions are private.

Financing plans are at an early stage, and may change as the deal progresses. Bloomberg previously reported that VetPartners could fetch between £2.5 billion to £3 billion in ...