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Announced

Completed

CVS Group completed the acquisition of The Vet from Bridges Fund Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

Acquisition

Single Bidder

Health Care Services

United Kingdom

Domestic

veterinary services platform

Private Equity

Friendly

Majority

Synopsis

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CVS Group, one of the largest integrated veterinary services provider in the UK, completed the acquisition of The Vet, a veterinary services platform, from Bridges Fund Management, a private equity firm. Financial terms were not dicslosed. "Since 2013, The Vet has established itself as one of the most exciting veterinary platforms in the UK. Its differentiated services delivered from state-of-the-art centres across the UK, coupled with industry-leading digital engagement capabilities, has resulted in an exceptionally strong commercial performance over recent years. Now as part of the CVS Group, the business will be able to keep up its strong momentum and make an even wider range of services available to pet owners," Chris Jessop, The Vet Chairman.

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