Agreed: I read the the original article...

Agreed: I read the the original article https://foragerfunds.com/news/a-few-more-fleas-at-greencross/ on the Forager Blog rather than on LiveWire and there at least the 2nd last paragraph, although not explicit, almost certainly gives their position.

Does a few million dollars here or there swing the dial on an investment decision? Maybe not on its own. And this should be a decent business. Spending on pets is growing and resilient and the opportunities for consolidation are significant. New management are clearly giving it a good bath. (The sceptics tell me the next step will be to write off those capitalised IT costs, non-cash of course). So don’t be surprised to see us own Greencross one day.