Mishcon de Reya has advised long-standing client, Village Vet, on its sale to the Linneaus Group - a veterinary trade portfolio group backed by Sovereign Capital. The sale included a partial re-investment into the Linneaus acquisition structure. Linneaus was chosen as preferred bidder as part of an auction process led by KPMG. The transaction involved Village Vet's simultaneous acquisition of a multi-practice veterinary business which formed part of the group being sold to Linneaus.
Village Vet is a veterinary company offering both first opinion and referral work across North London, Cambridgeshire and Hertfordshire. Linnaeus Group is a veterinary services group which includes two of the UK’s leading specialist veterinary centres for small animals, Willows Veterinary Centre and Referral Service and North Downs Specialist Referrals (NDSR). Following the sale, Linnaeus Group will have 57 sites, making it the fourth largest operator in the UK and consolidating its position as a leading veterinary services provider. Brendan Robinson, CEO & Founder of Village Vet, together with his fellow directors will continue to run and support the development of the business. Brendan will also join the Linnaeus Group board.
The Corporate team was led by Partners Larry Nathan and Nadim Meer, who were assisted by Associates Sam Perkins, Tom Phillips and James Paterson and Trainees Humam Al-Jibouri and Clare Prower. The team also included members of the Tax, Employment, Property and Banking groups. Beside this team, Andrew Wolfin managed the parallel acquisition of A to Z Pets Limited.
Commenting on the transaction, Larry Nathan said: "This marks the culmination of a tremendous journey. We have been working with Village Vets for almost 30 years, as it has grown from a single practice to over 20 practices including several specialist animal hospitals. They have built a brand that is synonymous with quality and care, values we at Mishcon de Reya relate to. As always, it has been a pleasure working with the Village Vet team, and we wish Brendan and his team well."
Brendan Robinson, CEO & Founder, Village Vet, said "I cannot thank Mishcon de Reya enough for being with me over the past thirty years. This is much more than a law firm – Mishcon de Reya has been my business partner and have been at my side 24/7 advising, encouraging, planning, suggesting and, at times, insisting. Heed their advice and success is inevitable.
"The genius of Kevin Gold, the strong no nonsense support of Larry Nathan and his corporate team, the support through the years of the property department. I received amazing help when needed from the employment team and many others, but always the same caring level of engagement, there to support as though they were personally my partner in the business.
"As I reached the ultimate goal of the past 30 years - a brilliant and successful business with outstanding structures in place ready for selling - Mishcon excelled. Larry Nathan, Sam Perkins and Tom Phillips, and Andrew Wolfin, together with Alan Spiers and Nadim Meer, were just tremendous in getting a deal done when it really mattered, getting it done quickly, efficiently, with flair and with total support for me. The teams literally worked 24/7; taking calls at midnight, emails at 1am and working through the bank holiday - it was relentless, but we got there and with tremendous results."