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Private equity firm CVC to acquire a majority stake in Medivet
CVC has announced that it will acquire a majority stake in Medivet by the end of 2021.
The deal will see CVC take on the veterinary care provider by the end of the year.

Private equity firm CVC Capital Partners has agreed to acquire a majority interest in Medivet for an undisclosed amount, it has been announced.

The deal will see CVC take on the veterinary care provider by the end of the year ‘subject to regulatory approvals’. The transition is being overseen by HSBC, Travers Smith, KPMG and EY.

With CVC’s backing, Medivet states that it ‘will pursue a strategy focused on driving both organic and inorganic growth'. Medivet – which has more than 350 branches in the UK - has recently expanded throughout Europe with operations in Germany and Spain.

Deirdre Burns, CEO of Medivet, said: “I am delighted that CVC has decided for its funds’ to invest in Medivet to fuel and support our ambitions and growth plans for the UK and Europe, and look forward to working together to bring them to fruition. “Over the last 34 years, our Central Partners, Branch Partners and all our people have worked hard to build an outstanding business, centred on delivering exceptional care and service to our patients and clients.”

Arnold Levy, on behalf of the founders of Medivet, added: "It is with great pride that we see Medivet in the position it is today and would like to extend our congratulations to all our outstanding staff who endeavour daily to make pets' lives better. Deirdre and her management team have worked tirelessly to build on the Company's track record in recent years, and to ensure it is well placed to continue its growth in the years to come. In CVC, we have found a new investor and partner who appreciate our industry, our business and its model and we wish them all the best for the next phase of the journey."

Dominic Murphy, managing partner and co-head of UK Investments at CVC, added "Medivet is a fast-growing and attractive business, where we are delighted to be backing the management team, led by CEO Deirdre Burns, to further grow the UK business and accelerate international expansion. CVC Funds have significant experience investing in similar service-based healthcare businesses across Europe, and believe we can use these learnings to support the team effectively."

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RCVS Fellowship applications open

News Story 1
 Applications have now opened for RCVS Fellowship 2022. The RCVS is encouraging anyone who would like to be considered for Fellowship to apply, and if successful, they will be welcomed into the Fellowship next year.

The process for joining the fellowship has changed slightly for this year, as applicants will now need two signed referee forms instead of three professional references, and five assessors will review each application instead of three.

The deadline for applications is 14 February 2022, and more information on how to apply can be found here. If applicants have any questions, or would like informal advice from previous successful applicants, they are encouraged to contact Ceri Via Email 

Click here for more...
News Shorts
Horiba announces veterinary haematology webinar

Horiba Medical has announced a free webinar providing practical insight on best practice in veterinary haematology. Entitled 'In practice haematology - Beyond the pale!' the webinar will be presented by Ronnie Barron from the University of Glasgow Veterinary School.

Ronnie's presentation, which will conclude with a Q&A session, will look at QC and artefacts of sample quality and review the effects of different pathologies. Using images, photomicrographs and video links, he will also explain the techniques and equipment needed to complement analytical automation to confirm results quality.

The webinar takes place on Thursday, October 28 (7.30-9pm). For more details and to register, click here.