“PetVet partnered with Ontario Teachers’ because of its deep experience investing in multi-site health-care platforms, and this transaction marks the next stage of our company’s evolution,” said Gino Volpacchio, chair and chief executive officer of PetVet, in a press release “With KKR as our new partner, we look forward to working with their team to realize our vision of making a difference in the lives of our pet patients and pet parents as well as veterinarians and employees.”

The parties didn’t disclose the financial details of the transaction. Ontario Teachers’ acquired its stake in PetVet in early 2015.

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Ontario Teachers’ is also taking on an undisclosed number of series B, junior non-voting, convertible preferred stock shares as part of a $850-million recapitalization of SCI PH Inc., a global supplier of packaging products and services that’s the parent company of BWAY Corp. and Mauser.

The recapitalization also includes an issuance of series A, senior non-voting, perpetual preferred stock to a number of other organizations, including affiliates of Canyon Capital Advisors and the Public Sector Pension Investment Board.

“We are pleased to partner with Ontario Teachers’, Canyon, PSP and Arcadia, and look forward to working together,” said Ken Roessler, chief executive officer of BWAY, in a press release. “The integration of Mauser is proceeding to plan and the combined company continues to perform strongly. Bringing together these partners represents the next step in the evolution of the company as a global leader in the rigid packaging space.”

The capital from the offerings is for general corporate purposes, including distribution to existing equity holders, according to the release.

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