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Outset advises on landmark veterinary acquisition
Outset UK Group has worked with long-standing client Independent Vetcare to complete its landmark acquisition of Vets Now, the UK’s leading provider of pet emergency care.
The deal was a strategically important move for IVC, the largest privately owned veterinary group in the UK and Europe, who will benefit from Vets Now’s extensive experience and out of hours service which complements their aim to provide exceptional veterinary care at every stage of a pet owner journey. Vets Now will retain autonomy, operating as an independent part of the IVC Group, with chief executive Mark Ross, continuing to lead the team.
The Outset team included expert advisors across corporate, commercial property, employment and commercial law, working alongside the lead advisory, tax and financial due diligence teams at BDO.
Sean Gorman, Head of Corporate at Outset UK says “We are proud to have played a key role in this landmark deal for IVC. It's a deal that stood out in its complexity and the teamwork required, both within Outset and as part of the wider buy-side team."
"As ever, our aim was to focus on key issues and not be distracted by less commercially relevant issues which can so often derail a deal of this size and nature. We look forward to seeing the Vets Now business flourish as part of the IVC group”.
Stuart Caton, Commercial Director, Independent VetCare Group adds “We’re extremely pleased that Vets Now has joined the group, they have a great reputation and their experience will further enhance our clinical care, as well as the breadth of service we are able to provide."
"Once again, the deal team of Outset and BDO provided commercially-focussed advice, demonstrating a clear understanding of our business and the drivers for this key acquisition. The integrated nature of our multi-disciplinary acquisition team has been key to our ability to deliver a fantastic growth record over the past 7 years.”