Independent Vetcare has secured a new investor. EQT will be taking over as Independent Vetcare’s principal investor in the New Year, alongside the senior vets and managers who will continue to invest in the group.
EQT is a leading Scandinavian investment fund with an excellent track record of investing in thriving companies across the world. Its mission is to help them develop into great and sustainable businesses.
EQT owns one of the leading European veterinary groups, Evidensia, so already has a deep understanding of the veterinary profession and what makes it so unique.
Summit Partners has been Independent Vetcare’s principal investor since July 2014. The veterinary group has grown exponentially over this time, with nationwide coverage of nearly 300 practices.
“We have had a great experience with Summit Partners whose resources and experience of the veterinary sector have supported us in our vision to create the leading veterinary group in the UK. Earlier this autumn, we realised it was time for us to seek a new partner who can support us on the next stage of our development” commented CEO David Hiller.
He continued: “We are very excited by the new prospects of long-term development which partnership with EQT will provide and are looking forward to taking IVC forwards together.
“In addition to the finance to continue purchasing practices wishing to join, the new partnership enables us to continue investing in IVC’s industry leading training and development programmes, in practice facilities and in our people.
“We have only reached the stage we are at today thanks to the tremendous work of our staff and our mutual determination to stay true to the values which we were founded upon: teamwork, transparency, dialogue and a passion for clinical excellence and client care.”