The UK’s largest independent operator of veterinary practices has sold a non-controlling share to private equity firm Inflexion.

Sign contract.
The deal means Inflexion will support Medivet’s growth and expansion without requiring control.

Medivet operates almost 170 clinics across the country, while Inflexion operates a specialist minority, non-controlling investment fund allowing it to invest in businesses with strong management teams without requiring control in return.

Growth and expansion

According to a statement released by Medivet, the partnership will mean Inflexion will make available its expertise and in-house capabilities to support the company’s growth and expansion.

Medivet chief executive Arnold Levy 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.”

Strategy

Medivet has 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 less than 170 today.

Head of partnership capital at Inflexion David Whileman added: “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.”

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