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Sell up of veterinary practices continues
The transaction is Sovereign’s  largest sale to date.
Sovereign sells Linnaeus Group to Mars

Mars Petcare’s Veterinary Health Group has bought the Linnaeus Group from Sovereign Capital Partners, the UK private equity buy and build specialist.

The transaction is Sovereign’s seventh exit from its third fund, and represents its largest sale to date.

Sovereign backed the original Willows Veterinary Centre and Referral Service in September 2014, before undertaking to create the Linnaeus Group.

At exit, it had made 21 acquisitions, including North Downs Specialist Referrals, Avonvale, VRCC Specialists Referrals and Village Vet.

The group expanded from one to 87 sites in England, including five referral centres, and grew from a team of 120 to more than 1,400.

No financial terms have yet been disclosed.

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Defra shares new Sanitary and Phytosanitary guidance

News Story 1
 Defra has published guidance for the vet sector ahead of a proposed UK-EU Sanitary and Phytosanitary agreement.

The agreement, which will change the movement and trade of animals and related products, could see reductions in checks, paperwork and certification. As well as describing regulatory developments, the advice highlights the importance of animal ID, registration and traceability in disease control and other compliance arrangements.

The guidance can be found here. More detail is expected as negotiations progress. 

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News Shorts
New form for online veterinary medicines retailers

The Veterinary Medicines Directorate (VMD) has produced a new online form for retailers wishing to sell veterinary medicines on the internet.

The form replace the previous Word version and is part of the VMD's ongoing commitment to digitise its processes. Anyone retailing prescription medicines online, including POM-V, POM-VPS and NFA-VPS categories, is lawfully required to register with the VMD before trading.

The change only applies to new applicants. Retailers already listed on the VMD's Register of Online Retailers or registered under the Accredited Internet Retailer Scheme (AIRS) do not need to do anything.