Opus advises the shareholder of VetUK on its sale to VetPartners
Category: Deal Announcement
Opus Corporate Finance LLP is delighted to have advised the shareholder of VetUK on its sale to VetPartners. VetUK is one of the UK’s biggest online suppliers of pet care products, including toys, accessories, pet food, over-the-counter pet treatments and veterinary prescription medicines. Since its inception in 2005, VetUK has handled 3.5 million online orders and dispatches 2,500-3,000 orders each day. The company has experienced significant growth of 45% in sales and profitability in the last year, driven by the pandemic, the resultant increase in pet ownership and the surge in online retail activity.
VetPartners, also headquartered in the North of England, is a network of veterinary practices and hospitals and other animal-service practices, including nursing schools and laboratories, located throughout the UK and with recent expansion into Europe. The acquisition of VetUK will enable VetPartners to expand services for clients at its 160 practices with more than 500 sites across the UK, thus improving client experience, whilst still maintaining the high quality efficient service offered by VetUK.
This is an important transaction for Opus, combining our knowledge and experience of the traditional retail and consumer sector with our continuing focus on online retail.
For more information please contact: Clifford Halvorsen, Thalia Ilsen Nunn, Nigel McNelly and Daniel Barley.