Woodward Veterinary Practice

The Business

One of Leicestershire’s leading independent Veterinary practices, offering a range of first opinion surgeries and out of hours treatments for domestic pets.

History dating back to 1800s, with track record of longevity and continuous success.

Operating from bespoke premises built in 2017, the business had numerous growth opportunities with the potential to achieve hospital status.

The Deal

Sale of 100% of the shares to Linnaeus Veterinary Ltd, a market leader with 165 sites across the UK, employing around 3,000 people.

Linnaeus are part of Mars Petcare Inc, the leading pet care business in the world with revenues of $18 billion.

Full consideration paid on day one, with continued commitment from the purchaser to the current operation and employment of staff.

Value Add

Fully understood the market dynamics, identifying the strategic buyers and created a professional information memorandum document to present the numerous growth opportunities in a credible manner.

Chaired meetings and negotiated a deal that surpassed the vendors’ expectations, with integrated long term tax advice.

Acted as lead advisers through every stage, managing the sale and completing during the COVID-19 pandemic and lockdown.

Location

Leicestershire

Sector

Healthcare

Deal

Trade Disposal

Woodward Vets Logo Woodward Vets Logo

After extensive research into the different advisors available in the M&A market for owners to use when looking to sell their business, we appointed JDC because of their track record and the promises Dave and Adam made about being hands on and involved in every stage of the process. This was above and beyond what their competitors were willing to commit to and now, after having been through a sale from start to finish, we are delighted to say that not only did they deliver on these promises, but they surpassed them along the way.

David and Debra Woodward Woodward Veterinary Practice