Tom Matthews
We’re proud to share that Pemba Capital Partners has signed a continuation vehicle transaction for Vets Central, Australia and New Zealand’s leading independent veterinary services platform.
This transaction allows us to continue backing Vets Central’s long-term growth strategy alongside Founder & CEO Keith Nicholls and the broader leadership team, who have built an outstanding business with a clear mission and strong momentum.
The continuation fund is anchored by TPG NewQuest, alongside a highly credentialed group of global institutional investors. The fund was meaningfully oversubscribed, which we believe reflects both the quality of the Vets Central platform and the compelling opportunity ahead.
With fresh equity capital and an enhanced debt facility, Vets Central is well positioned for its next phase of growth — with a clear ambition to more than double its clinic footprint over the next five years, while continuing to invest in clinical capability, talent development, and pet healthcare outcomes across Australia and New Zealand.
This is an important milestone for Pemba, our first continuation fund, and a strong endorsement of our partnership approach and long-term mindset.
A huge thank you to the entire Pemba team for an exceptional effort, particularly Katrina Engelbert and Yvonne He for driving this transaction.
We’re also grateful to Keith Nicholls, Adam Purss, Jimmy Finucan and Toni Myers and the broader Vets Central team for their continued partnership, as well as TPG NewQuest and all incoming investors for their support.
Finally, thank you to all of our advisers who worked tirelessly to get this done.
Excited for what comes next.
