CD&R and TPG Seek Blue Owl's Support for Covetrus Debt Financing

January 16, 2026 - 23:43

Clayton Dubilier & Rice and TPG Inc. are reportedly engaging with private credit firms, notably Blue Owl Capital, to secure a substantial debt package of at least $2.5 billion for Covetrus. Covetrus is a technology company that specializes in providing innovative solutions for veterinary practices. This financing initiative reflects a strategic move by CD&R and TPG to bolster Covetrus's financial standing and support its growth trajectory in the competitive veterinary services market.

The discussions highlight the increasing interest in the veterinary sector, which has seen a surge in demand for technology-driven solutions amid evolving industry needs. By partnering with Blue Owl Capital, CD&R and TPG aim to leverage the firm's expertise in private credit to facilitate this significant financing endeavor. As the veterinary landscape continues to transform, securing adequate funding will be crucial for Covetrus to enhance its service offerings and expand its market presence.