Fri, 23 Apr 2021 | BUSINESS SALE
According to reports, Medivet, one of the UK’s biggest veterinary clinic chains, is planning to put itself up for sale for £1 billion. Part-owned by private-equity firm Inflexion since 2016, Medivet has been among the key drivers in a time of widespread, PE-backed M&A in the veterinary industry.
In 2019, Medivet was ranked as the ninth most acquisitive company in the UK by Corporate Financier, with eight acquisitions. The top two slots in that ranking were filled by rival veterinary chains, IVC Evidensia and VetPartners, both firms started and then exited by August Equity.
With the backing of Inflexion, Medivet has grown to around 300 UK branches and operates 22 state-of-the-art 24-hour clinics.
Medivet now looks set to take advantage of this wave of dealmaking (in what remains a highly fragmented industry with plenty of scope for acquisitions), as well as a significant increase in pet ownership during the COVID-19 pandemic, by launching a sale auction.
Reports indicate that HSBC’s investment banking division will run the sale process. The auction is expected to generate considerable interest, with investors keen to enter the veterinary industry and tap into the potential for further consolidation.
According to sources close to the deal, the industry also contains huge potential for expansion into the European market, which should drive further interest.
Another deal earlier in the year demonstrated the massive interest in the veterinary sector, with Silver Lake and Nestle leading a £3 billion investment in IVC Evidensia, a stake that valued the firm at over £10 billion.
Read more about what makes the veterinary industry so ripe for consolidation.
Find businesses for sale here.
If you are looking for an exit, we can help!
The business serves a large catchment area and has a loyal client base of over 20,000 registered clients. It is growing by 175+ new per month.
LEASEHOLD
Leading provider of real-time Open Technology solutions for the UK healthcare sector enabling interoperable digital case records across the NHS. More recently the company has developed and launched its own digital platform which connects a variety o...
Well-established provider of Supported Living services to vulnerable individuals with learning disabilities and/or mental health issues. Operating across the local area the company supports multiple clients with a variety of support requirements main...
|
27
|
|
Sep
|
Yorkshire countryside hotel on the market after entering administration | COMMERCIAL PROPERTY
A Yorkshire country house hotel has been put up for sale aft...
|
26
|
|
Sep
|
£1m-turnover Derry garden centre on the market for £1.25m | BUSINESS SALE
A £1 million-turnover garden centre in Derry has been ...
|
23
|
|
Sep
|
E-commerce software firm acquired at 11.5x EBITDA | BUSINESS SALE
Grafenia Plc, a listed business that operates a buy-and-buil...
Sign up to receive our acquisition alert emails to get your FREE guide
|
20
|
|
Sep
|
CVC Capital Partners acquires Medivet stake in £1bn+ deal | BUSINESS SALE
CVC Capital Partners has acquired a majority stake in veteri...
|
22
|
|
Sep
|
Shopping channel sold by private equity owners | BUSINESS SALE
Shopping channel, Ideal Shopping Direct, has been sold by it...
|
29
|
|
Jul
|
British software company bought by private equity firm | BUSINESS SALE
US private equity firm Great Hill Partners has bought Reward...
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