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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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Birmingham Dogs Home makes urgent appeal

News Story 1
 Birmingham Dogs Home has issued an urgent winter appeal as it faces more challenges over the Christmas period.

The rescue centre has seen a dramatic increase in dogs coming into its care, and is currently caring for over 200 dogs. With rising costs and dropping temperatures, the charity is calling for urgent support.

It costs the charity £6,000 per day to continue its work.

Fi Harrison, head of fundraising and communications, said: "It's heart-breaking for our team to see the conditions some dogs arrive in. We really are their last chance and hope of survival."

More information about the appeal can be found here. 

Click here for more...
News Shorts
Avian flu confirmed at premises in Cornwall

A case of highly pathogenic avian influenza H5N1 has been detected in commercial poultry at a premises near Rosudgeon, Cornwall.

All poultry on the infected site will be humanely culled, and a 3km protection zone and 10km surveillance zone have been put in place. Poultry and other captive birds in the 3km protection zone must be housed.

The case is the second avian flu case confirmed in commercial poultry this month. The H5N5 strain was detected in a premises near Hornsea, East Riding of Yorkshire, in early November. Before then, the disease had not been confirmed in captive birds in England since February.

The UK chief veterinary officer has urged bird keepers to remain alert and practise robust biosecurity.

A map of the disease control zones can be found here.