Inflexion's Medivet bolts on Bartram & Patrick

The bolt-on comes eight months after Inflexion acquired a minority stake in Medivet in order to support its acquisitive growth strategy.

According to a statement, Medivet now has 210 branches across the UK, up from 160 when Inflexion first invested in the business. According to publicly available records, the business generated a turnover of £67m in the year ending in April 2016, with EBITDA of £12m.

The veterinary sector has attracted significant interest from private equity players in recent years, with the Nordic and UK markets proving particularly popular, as unquote" recently reported. GPs have also have made progress in the DACH region's veterinary space, though regional variation in the law continues to create challenges.

Company
Headquartered in Yorkshire, Bartram & Patrick is a veterinary surgery business. The business has a headcount of 30 and operates out of two practices in Pontefract and South Elmsall.

People
Inflexion Private Equity – David Whileman (head of partnership capital); Mark Williams (partner); Andrew Neville (assistant director); Chloe Holding (investment executive).
Medivet – Arnold Levy (CEO).

Advisers
Vendor – Lupton Fawcett, Dan McCormack (corporate finance); CW Dix Accountants, Chris Dix (tax).

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• Topics
• Portfolio management
• UK / Ireland
• Consumer
• United Kingdom
• Build-up
• Inflexion Private Equity