Medivet Sells Small Share To Inflexion And Acquires A New Business Partner
7 years ago 
2384 views
Medivet, the largest independent veterinary clinic operator in the UK, with just under 170 clinics, has sold a share of its business to private equity firm Inflexion but has retained its independence.
Inflexion operates a specialist minority, non-controlling investment fund which allows it to invest in businesses with strong management teams where Inflexion will have no control. This partnership will mean Inflexion will make available its expertise and in-house capabilities to Medivet, in order to support growth and expansion.
Medivet’s growth capital is provided by HSBC with whom Medivet has a 30 year relationship.
Medivet has successfully expanded through like-for-like growth and the acquisition of smaller practices across the UK and has grown from 5 clinics in 1990 to just under 170 today.
Arnold Levy, Chief Executive Officer of Medivet, said “Although we are funded by HSBC, Inflexion’s expertise is going to be very useful to us in the future, without interfering in our independence and our day-to-day management, as we continue to grow at a much greater pace than before, and we look forward to exciting times ahead working with Inflexion. So it’s business as usual for us, but with a new partner to provide us with advice and support as needed”
David Whileman, Head of Partnership Capital, Inflexion, commented: “Medivet is a large independent and highly respected business within its industry. We are delighted to invest alongside an outstanding management team with a proven strategy for growth. We look forward to working closely with the Medivet team.”
More from Medivet
- Successful ‘Lapland Arctic Ultra’ Raises More Than £3,200 for Rhino Conservation
- Vets Take on Lapland Arctic Ultra to Help the Rhino
- Skeldale Veterinary Hospital Receives Top Accolades
- Medivet Targets Sustainability with Launch of Eco-friendly Bags
- Medivet links up with BVRA to support Client Care Assistants
