A veterinary group founded in Swindon is planning to build four more clinics along the M4 after securing £ 4million.
Vet’s Klinic has received the investment from Mobeus – a London-based investment firm that invests between £ 2m and £ 15m in UK SMEs.
The investment was led for Mobeus by investment manager Rowan Grobler, who worked with his partner Trevor Hope on the transaction. Simon Bursell, Mobeus portfolio manager, will join the board of directors of Vet’s Klinic.
Laura Shears, Managing Director of Vet’s Klinic, said: “With Mobeus’ partnership, we are truly excited to bring our expert veterinary services, cutting edge technology and seamless approach to a much larger group of pets. and their owners.
According to the Pet Food Manufacturers’ Association, the number of pet owners in the UK has increased during the pandemic, with 3.2 million households adopting a pet since March 2020.
Rowan Grobler, Chief Investment Officer of Mobeus, said: “More families have pets – and these animals are more like a family member – than ever before, driving the demand for reliable and high-quality veterinary care. quality.
“With its differentiated service in the market provided through technology, a high proportion of well-paid nurses and a low staff turnover rate, Vet’s Klinic is well positioned to meet demand, especially in regional cities with a small number of veterinarians. “
Vet’s Klinic was advised by the law firm Osborne Clark and James Cowper Kreston Corporate Finance.
Mobeus was advised on the financial aspects of the transaction by PKF Francis Clark. PKF Francis Clark’s transaction support team included Sam Phillips, Tom Slade and Adam Kefford.
Sam Phillips, Director of Transaction Services at PKF Francis Clark, added: “With this investment and continued support from Mobeus, Vet’s Klinic is well positioned to increase its share of the expanding veterinary services market.
“We were delighted to meet the tight timelines to allow this transaction to complete within a relatively short time frame, working closely with Vet’s Klinic and Mobeus to provide a focused due diligence report. “
Mobeus was also advised by Mansfield Advisors on the commercial aspects of the transaction, Boyes Turner on the legal side and Stratton HR on management.
Do you like this story? Why not Register nowto get the latest South West business news delivered straight to your inbox.