EQT-backed Independent Vetcare buys Scarsdale Vets

Independent Vetcare, a portfolio company of EQT Partners, has acquired Scarsdale Vets. Financial terms weren’t announced. Scarsdale, of the UK, is a veterinary services platform that employs around 350 people, including more than 100 vet surgeons. Lincoln International advised Scarsdale Vets.

PRESS RELEASE

Lincoln International is pleased to have advised the partners of Scarsdale Vets on the sale to Independent Vetcare, a portfolio company of EQT Partners.
Scarsdale is the premier veterinary services platform in the Midlands region of the UK, operating from 12 locations in and around the city of Derby, employing around 350 people, including over 100 veterinary surgeons. The company’s operations are centred around Scarsdale’s state-of-the-art Specialist-led referral hospital, the Pride Veterinary Centre, opened by the current owners in 2011, which is one of the largest veterinary hospital facilities of its kind in Europe.
IVC is the UK and Europe’s leading veterinary care provider. It was formed in 2011 and now has well over 1,000 clinics spread across ten countries, employing over 13,000 people, with its service offering covering small animal as well as large animal and farm.
Lincoln acted as the exclusive financial adviser to Scarsdale and the partnership owners.
Matthew Lee, Managing Director at Lincoln International commented:
“We are delighted to have advised the partnership and Scarsdale on this sale to IVC, with this representing our fourth veterinary clinics deal in recent years. The sale represents a great outcome for the business and sees the team transition to their natural partner, IVC, given its broad service offering across small and large animal sub-sectors. As the market continues to consolidate at pace, understanding both the market and consolidators agendas, as Lincoln does, is crucial in helping veterinary business owners select the right long-term partner and home for their business.”