Bridges Fund Management has sold The Vet to CVS Group plc
Founded in 2013, The Vet is a veterinary services platform consisting of eight state-of-the-art centers which offer a differentiated, high-quality clinical proposition to pet owners across the United Kingdom.
Lincoln acted as the exclusive financial advisor to The Vet, working closely with the shareholders and management team throughout the process. The Lincoln team provided strategic and sector expertise and managed all aspects of the process, including the preparatory, marketing, negotiation and due diligence phases of the transaction.
Matthew Lee, Managing Director at Lincoln, commented, “The Vet was an ambitious investment by Bridges, recognizing the market opportunity to build an innovative proposition which disrupts the existing vet clinic model. The offering to both pet parents and employed vets and nurses differentiates The Vet, offering best-in-class care to animals while providing the team with tools and facilities to deliver outstanding service. While ultimately a longer journey for Bridges, this exit successfully finds the business a long-term home and supportive parent to roll the concept out, further and faster. We wish the team well in the next stage of this journey.”
This transaction marks Lincoln’s ninth pet / animal health transaction in the last nine months.
Lincoln has been a highly valuable advisor over multiple years of our investment in The Vet, from strategic review through to exit preparation and the sale. The Lincoln team’s track record and knowledge of the sector are outstanding and were key factors in delivering a successful exit process. We thank Matt and the wider team for their support and look forward to working together in the future.
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