Thu, 18 Oct 2018 | BUSINESS SALE
Independent Vetcare (IVC), one of UK's largest veterinary practice groups has completed the acquisition of Derbyshire Veterinary Services.
Located in Ashbourne, Derbyshire Veterinary Services enlisted the help of Price Bailey's strategic corporate finance team to advise on the sale of its business. Although interest had been shown by a number of potential buyers and deals had been valued and appraised, Derbyshire Veterinary Services decided to look to the wider market.
Stephen Reed, the partner at Price Bailey who led the sale of the business, noted that tax planning was a key component in securing a successful deal when negotiating on behalf of Derbyshire Veterinary Services.
Reed said: "We were engaged as lead advisors to manage the sale process, which included liaising with solicitors, a pension fund, acquirers IVC, insurance brokers, and also HMRC, as a restructure was needed as part of the process.
"We worked closely with the clients to develop a sequence of events for various parts of the transaction. We were able to deliver expert independent advice, provide a dedicated member of our team with experience of working within a veterinary consolidator as a key point of contact to fully project manage the sales process resulting in a deal that was designed in a tax-efficient manner."
Derbyshire Veterinary Services sought legal advice from James Sage from FBC Manby Bowdler LLP solicitors in the acquisition deal.
Derbyshire Veterinary Services commented on the services of Price Bailey: "As well as the professional approach of Price Bailey ensuring that we achieved the best price, and the most tax efficient process, the individuals at Price Bailey were invaluable for their calm and thoughtful demeanour in all areas of discussion and negotiation."
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
Five minutes drive from town centre. Free on street parking. Fully computerised practice. Huge potential for growth for an incoming buyer. Long and well established business. Offers invited.
LEASEHOLD
There is scope to increase the turnover by the introduction of a capitation scheme and offering more private/cosmetic work. It is located in an affluent area with good schools, bus and train links and parking available. The practice is modern and wel...
LEASEHOLD
Presenting this three surgery mainly NHS practice in a busy, pleasant Merseyside location. The are three well equipped dental surgeries in use within the practice and space within the premises to add a fourth. Offers invited.
LEASEHOLD
|
20
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
|
19
|
|
Sep
|
Smith & Williamson and Tilney to merge | MERGER
After revealing in August this year that talks were in place...
|
18
|
|
Sep
|
Infrastructure investment manager takes stake in LJLA | BUSINESS SALE
Infrastructure investment management group, Ancala Partners,...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources