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BC Partners prepares sale of VetPartners
BC Partners has appointed JP Morgan and Jefferies to oversee the deal.
The buyout company acquired the group in 2018. 

Private equity firm BC Partners is preparing to sell VetPartners in a deal that could be worth more than £3bn, according to a report by Sky News.

The report states that an auction will take place later this year, and that BC Partners has appointed two banks, JP Morgan and Jefferies, to oversee the process.

CVC Capital Partners, which has a stake in Medivet, is reported to be one of a considerable number of buyout firms already preparing bids for the company.

Established by CEO Jo Malone in October 2015, VetPartners employs some 7,500 employees at 500 sites across the UK and from its York headquarters.

The firm expanded into mainland Europe in 2019 with the purchase of four small animal practices in Italy. It has since bought practices in France, Spain, Portugal, Germany and Ireland.

VetPartners was acquired by BC Partners in 2018 for £700 million.

BC Partners has been contacted for comment.

 

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Building Great Workplaces webinars return

News Story 1
 BVA has announced a new series of its Building Great Workplaces lunchtime webinars.

Launching from 16 July, the sessions will explore patient safety, motivation, client communication and more.

Its first webinar, exploring neurodiversity in the workplace, will take place at 1pm on Thursday, 16 July. It will feature guest speakers from The Vet Project, a group which supports neurodiversity in veterinary environments.

The following three webinars take place in September, October and November.

Booking is open on the BVA website 

Click here for more...
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.