Momentum Corporate Finance announces the successful completion of its most recent transaction, advising the shareholders of B&W Equine Veterinary Group (“B&W”) on its sale to CVS Group PLC (“CVS”).
B&W is one of the UK’s leading independent equine veterinary groups. Established in 2009, through the merger of established equine practices Bushy Equine Vets and The Willesley Equine Clinic, the business operates an integrated practice based around a state-of-the-art multi-disciplinary referral hospital located in Breadstone, Gloucestershire. In addition B&W has three other practices, based in Cardiff, Gloucestershire and Bristol. B&W employs a highly experienced team of over 100 staff in total, including 34 professional vets and seven diploma holders.
B&W is the largest specialist equine veterinary group in the South West of the UK. It offers a comprehensive range of services including two theatres within the hospital (orthopaedic and colic) and the most complete equine imaging service in the UK.
It is accredited with the highest practice standard by the Royal College of Veterinary Surgeons.
The acquisition provides CVS, the UK’s leading provider of integrated veterinary services, with a leading presence in the UK equine market and as such represents a strategically important transaction for CVS. CVS will continue to develop and grow the B&W business to optimise its potential. The equine division of CVS has grown rapidly and substantially over the last 18 months and now stands at 32 sites providing equine veterinary work in the UK.
The business reported revenues of £6.0 million for the 12 months to 28 February 2017.
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