Medivet
Description
Medivet is a provider of veterinary services with over 500 branches across the UK, Germany, and Spain. Founded in 1986 and headquartered in Watford, UK, the company delivers a full spectrum of small animal health services, including routine check-ups, 24/7 emergency care, lab & diagnostics, and advanced surgery to companion pets. Medivet operates a unique partnership model and has built a growing network of over 1,500 veterinarians.Medivet generates revenue through its extensive network of veterinary clinics and hospitals, which operate under a unique partnership model. The company's 'Branch Partner' co-ownership model allows veterinarians to become joint venture partners in the practices they operate, fostering a strong sense of ownership and commitment to delivering high-quality care.In 2021, private equity firm August Equity co-invested alongside CVC Capital Partners for a minority stake in Medivet. This investment aimed to support Medivet's continued growth in both the UK and internationally, building on the company's established reputation for exceptional care and service to its clients.In 2023, Medivet secured further growth investment from a group of institutional partners led by LGT Capital Partners (LGT CP), who joined CVC Capital Partners and August Equity to support the company's ongoing expansion. This additional investment will enable Medivet to accelerate its growth plans, which include investing in people, technology, clinical facilities, and new clinic acquisitions.