L Catterton Latin America Makes Strategic Investment in WeVets

Core Insights - L Catterton has made a strategic investment in WeVets, a leading independent veterinary hospital group in Brazil, to enhance its veterinary platform and expand its operations across the country [1][2][3] Company Overview - WeVets was founded in 2020 and has rapidly grown to operate 15 hospitals and two diagnostic labs in São Paulo and Rio Grande do Sul, providing comprehensive veterinary care including primary and urgent care, surgery, diagnostics, and specialties [2][5] - The company utilizes a tech-driven model to improve the experience for pets and their owners [2][5] Investment Details - L Catterton's investment aims to support WeVets' long-term growth and strategic objectives, focusing on hospital expansion through both acquisitions and organic growth [2][3] - The partnership is expected to leverage L Catterton's extensive experience in the global pet care industry to help WeVets achieve world-class standards [3][4] Market Context - The Brazilian pet market is described as highly fragmented, presenting significant opportunities for WeVets to scale its operations based on exceptional technology and service [3] - L Catterton has a strong track record in the pet care sector, having invested in various successful pet-focused businesses globally [3][4] Financial Background - L Catterton manages approximately $35 billion in equity capital across multiple platforms, with the ability to invest between $5 million and $5 billion in well-positioned consumer businesses [4] - The firm has made over 275 investments in iconic consumer brands since its founding in 1989 [4]