Another Romanian veterinary clinic joins the LuxVet Group

17.12.2024

LuxVet grows dynamically in Romania. Under a newly signed agreement, the Group has added the 24-hour RegalVet veterinary clinic in Bucharest to its portfolio.

RegalVet Veterinary Clinic is a modern facility that has gained the trust of Bucharest residents by offering comprehensive veterinary care. Located in the shopping center at Bulevardul Metalurgiei 12-18, the clinic specializes in the emergency medicine and surgery. The facility has its own ambulance, which allows for quick and safe transport of patients in case of emergencies.

RegalVet is a place of great potential, built by a young and dynamic medical team. The facility employs 10 qualified professionals, including veterinarians, technicians and administrative staff. Additionally, the clinic is currently undergoing expansion and will soon be equipped with a new X-ray machine, which will further improve the diagnostic process to ensure better care for its patients.

The clinic offers 24-hour veterinary care, ensuring that pets and their carers can always count on help, regardless of the time of day or night. The facility is located conveniently in the city center, close to major transport routes, which makes it easily accessible to all residents of Bucharest. Because of its location, RegalVet offers convenience to its customers, striving to make pet care as easy and accessible as possible.

- The decision to join LuxVet was a natural choice for us. As a team that has always made efforts to provide the highest quality of care, we are certain that being part of the Group will allow us to raise the standards of our services to an even higher level. With access to the latest technology, training and support from the best specialists in the industry, we will be able to look after the health of our patients even more effectively and provide them with the best possible care. We are proud that RegalVet is joining such a professional veterinary community. - says veterinarian Nastase Georgiana, co-founder of RegalVet Veterinary Clinic.
- For us, RegalVet is not only another fantastic team, with whom we share the belief in the development of veterinary medicine in Romania, but also a great opportunity to support the development of a relatively young, but already well organized company. We are currently doubling the clinic's space and waiting for the equipment that will open up new possibilities for staff and patients. The founders and their team have shown that it is possible to grow from a small clinic in the direction of comprehensive and quality veterinary medicine, and we are joining them on their journey by sharing this vision. - says Piotr Zajączkowski, CEO of the LuxVet Group.

LuxVet Group is one of the largest platforms integrating veterinary facilities in Central and Eastern Europe. It has brought together the existing veterinary facilities, from smaller practices to specialized clinics, providing their founders with capital support and access to cutting-edge solutions and best practices. The collaboration follows a flexible partnership business model based on respect for the past achievements of the integrated entities. The facilities that join the Group retain their brand and local identity, and their founders remain actively involved in their further growth. Additionally, the LuxVet Group’s mission is to increase employee satisfaction by raising working standards in the industry.

Over the 3 years of its existence, the LuxVet Group has grown to be the leading veterinary platform in Poland, bringing together more than 50 practices. In September, the Group opened Veterio in Warsaw, the largest 2,200 sqm veterinary referral hospital in the region with a 24-hour emergency room, an intensive care unit, 13 consulting rooms and 5 operating rooms.

While continuing to grow in Poland, the Group also began to expand into other markets in Central and Eastern Europe. In Romania, the Group has already been joined by the Vetzone Spital Veterinar in Constanța and two Vet Consult facilities located in Brăila.

LuxVet has secured capital support from three investment funds: Oaktree Capital Management L.P. (as the majority shareholder, which is also a shareholder in UNAVETS Group, a leading veterinary platform in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

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About LuxVet Group

LuxVet Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector across Poland.

LuxVet Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management, L.P. as the majority shareholder (which is also a shareholder in UNAVETS Group, the leading veterinary platform in the Iberian Peninsula and sister platform of LuxVet), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Pet Stuff, the largest 24-hour veterinary hospital in Romania, joins the LuxVet Group

12.11.2024

LuxVet Group, one of the largest platforms integrating veterinary facilities in Central and Eastern Europe, continues to strengthen its position on the Romanian market. Pet Stuff, a 24-hour veterinary hospital located in Bucharest, has just joined the Group. It is the largest and one of the most modern facilities of its kind in the country.

Pet Stuff Veterinary Hospital is located in the 6th District of Bucharest. It was founded in 2007 by veterinarians Ruxandra Tenia and Cristian Cristea. Initially operating as a regular veterinary practice, it was transformed into a 24-hour veterinary hospital after Dr Alexandru Buzdea joined the team in 2019. Pet Stuff now employs around 30 people, including 19 veterinary doctors. The facility maintains ongoing relationships with European and American certified veterinary specialists in internal medicine, dermatology, ophthalmology, cardiology, anesthesiology and intensive care, soft tissue surgery, endoscopy and orthopedic surgery. The hospital has a fully equipped operating room, its own laboratory and state-of-the-art surgical and diagnostic equipment.

- Since the foundation of the hospital, our ambition has always been to constantly strive to provide veterinary services according to the best international standards. The fact that over 200 clinics all over Romania recommend us to their customers is the best testimony that we are true to our mission. Becoming part of the LuxVet Group gives us not only access to education and training, but above all the opportunity to exchange knowledge and best practices with specialists from other European countries. - says Dr Cristian Cristea, co-founder and chief veterinary officer of Pet Stuff hospital.
- We are proud to have gained the trust of such an outstanding institution. We have made another very important step in the development of the LuxVet Group in the Romanian market. After the opening of Veterio in Warsaw, the largest 24-hour referral hospital in Poland, we have now been joined by the largest facility of this kind in Romania. That is a great success and at the same time an excellent opportunity for both teams to work together. - says Piotr Zajączkowski, CEO of the LuxVet Group.

LuxVet Group is one of the largest platforms integrating veterinary facilities in Central and Eastern Europe. It has brought together the existing veterinary facilities, from smaller practices to specialized clinics, providing their founders with capital support and access to cutting-edge solutions and best practices. The collaboration follows a flexible partnership business model based on respect for the past achievements of the integrated entities. The facilities that join the Group retain their brand and local identity, and their founders remain actively involved in their further growth. Additionally, the LuxVet Group’s mission is to increase employee satisfaction by raising working standards in the industry.

Over the 3 years of its existence, the LuxVet Group has grown to be the leading veterinary platform in Poland, bringing together more than 50 practices. In September, the Group opened Veterio in Warsaw, the largest 2,200 sqm veterinary referral hospital in the region with a 24-hour emergency room, an intensive care unit, 13 consulting rooms and 5 operating rooms.

While continuing to grow in Poland, the Group also began to expand into other markets in Central and Eastern Europe. In Romania, the Group has already been joined by the Vetzone Spital Veterinar in Constanța and two Vet Consult facilities located in Brăila.

LuxVet has secured capital support from three investment funds: Oaktree Capital Management L.P. (as the majority shareholder, which is also a shareholder in UNAVETS Group, a leading veterinary platform in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

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About LuxVet Group

LuxVet Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector across Poland.

LuxVet Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management, L.P. as the majority shareholder (which is also a shareholder in UNAVETS Group, the leading veterinary platform in the Iberian Peninsula and sister platform of LuxVet), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Animal Doctor in Gorzów joins the LuxVet Group

18.10.2024

The LuxVet Group is strengthening its position in the Lubuskie Voivodship. The Animal Doctor veterinary office has just joined the Group. This is the Group’s third facility in Gorzów and fourth in the region.

Animal Doctor operates in Gorzów Wielkopolski at ul. Witosa 12/H11. The veterinary office has been founded by Joanna Kwiatkowska and its team consists of 5 veterinarians, 2 technicians and 3 administrative staff.

In addition to providing treatment and diagnostic testing for dogs and cats, the office specializes in the care of exotic animals (rodents, lagomorphs and reptiles). The practice offers services in soft surgery, otology, internal medicine, dermatology, cardiology, ophthalmology and dentistry. The facility is equipped with its own laboratory, dental X-ray, ultrasound and inhalation anesthesia machines.

We are not the first facility in the region that has decided to move into the future with the LuxVet Group. We were encouraged to take this step by the recommendations of doctors, whose clinics are already part of the Group. We have observed how they changed and learned about the initiatives they were participating in, and we decided that this was the direction that we also wanted to follow. - said veterinarian Joanna Kwiatkowska, the founder of the facility.

The Animal Doctor team will have access to free training offered as part of the LuxVet training platform, and to a benefit package (private medical care, sports card).  The Group will also support the facility in administration activities, accounting, IT support, procurement and marketing.

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About the LuxVet Group

The Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector.

The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Veterio – a new standard on the Polish veterinary market

01.07.2024

Veterio, the first veterinary referral clinic in Poland built by the LuxVet Group in Warsaw, is entering the final stage of construction. As early as this fall, patients will be able to use a 24/7 emergency ward and specialist wards. They will be referred to Veterio by their local facilities.

Veterio is located in the Diuna office complex at ul. Taśmowa 7 in the Mokotow district of Warsaw. It is being built on more than 2,200 square meters of space, which will include doctors’ offices, surgery and treatment rooms, diagnostic rooms, comfortable areas for customers and staff, and training and conference rooms.

Veterio’s medical space is divided into two main wards. One is an emergency ward with an intensive care unit that will be open 24 hours a day and 7 days a week to handle emergency and critical cases. The other is a referral ward, which will consist of specialist units: surgery, orthopedics, cardiology, neurology, ophthalmology, dermatology, endoscopy, imaging, internal medicine and anesthesiology. Oncology and dentistry will be added in the future. The facility will be outfitted with high-end equipment (including MRI, CT and X-ray scanners), enabling a comprehensive range of advanced treatments and diagnostic procedures to be conducted on-site. However, basic veterinary procedures will not be performed there.

International referral models

Veterio’s business concept is based on the successful models of veterinary referral hospitals around the world. This category does not exist in Poland, while in Western Europe, the USA, Canada or Australia referral hospitals are an integral part of the veterinary care system. These facilities do not provide basic veterinary care services. Instead, they handle emergencies and life-threatening conditions, as well as advanced cases that require specialist treatment and diagnostics. They create a system in which they support existing veterinary practices, clinics, and hospitals by allowing them to refer patients to them when they are unable to provide the necessary care themselves. This may be due to a lack of equipment, the unavailability of a specialist, or the practice being closed during nights or holidays. Veterio will operate based on similar principles - says Rafał Boroń, Veterio’s Clinical Director.

The Veterio clinic will serve patients referred from all treatment facilities, including those affiliated with the LuxVet Group and those outside of the Group. Whenever possible, cooperation will be based on contracts signed with these facilities, which will streamline the referral of patients, and communication between the referring facility and the Veterio team – both before the patient is admitted and after its discharge.

As the LuxVet Group, we are an active player in the veterinary market and we know that limited access to highly specialized diagnostics and treatments is a problem not only for pet parents, but also for the doctors themselves. Not every clinic has a CT scanner, not every clinic performs advanced eye surgery, and not every doctor is willing or able to work at night. We want to fill that gap. Veterio will partner with all willing veterinary institutions. In particular, it will be a partner for doctors, offering them the peace of mind that there is a place where their patients will receive specialized care at any time, after which they can return to the care of the facility that referred them. - says Piotr Zajączkowski, CEO LuxVet Group.

Polish team of specialists

The LuxVet Group has invited a Polish team of experienced veterinarians to work on the creation of Veterio. Each specialist unit will have its own leader supported by other doctors, technicians and auxiliary staff. Recruitment is underway and more information is available at www.veterio.pl.

The facility will also take an active part in personnel training and education.

Veterio's doctors and technicians will include people with extensive experience and expertise in their specialties, often obtained not only in Poland. We want them to share it with other team members and also with our partner facilities in the referral network, which will be yet another benefit of cooperating with us. Veterio has its own training space and we will actively use it. - ads Rafał Boroń

Polish team of specialists

Veterio is scheduled to open in September. Detailed information for facilities interested in referral partnership can be obtained by writing to partnerzy@veterio.pl.

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Veterio is a residential animal treatment facility with an emergency and intensive care unit open 24/7, 365 days a year, as well as specialist wards. It is located in the Mokotow district of Warsaw. It is staffed by a Polish team of experienced veterinarians and technicians and is based on the models of multi-specialty veterinary referral hospitals in the world. Veterio is part of the LuxVet Group, which integrates and develops the veterinary sector in Central and Eastern Europe. www.veterio.pl

The LuxVet Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector. The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund. www.grupaluxvet.pl

Sfora Veterinary Clinic partners with the LuxVet Group

25.06.2024

LuxVet continues to expand at a rapid pace. 24-hour Sfora Veterinary Clinic has just joined the Group. This is the sixth LuxVet facility in Warsaw.

The 24-hour multidisciplinary Sfora Veterinary Clinic is located in the Wawer district of Warsaw, at ul. Trakt Lubelski 391. Its founder, veterinarian Monika Tyszkiewicz leads the team of 21 veterinary doctors, 24 technicians, and administrative staff.

Sfora offers a full range of services in internal medicine, surgery, neurosurgery and orthopedics, anesthesiology, cardiology, dermatology, dentistry, oncology and hematology, neurology, ophthalmology, endoscopy, laparoscopy, infectious diseases, dentistry and reproduction, and zoopsychology, among others. The facility also offers on-site laboratory and imaging testing (including CT scans, X-rays and ultrasounds) as well as advice from a behaviorist and nutritionist.

The clinic has a modern and stylish interior with a total area of more than 500 square meters.

Since the inception of Sfora, we have focused on an individualized and holistic approach to each and every patient. To achieve this, we make sure that the entire team is constantly developing their skills and is staying abreast of new market developments in diagnosis and treatment. This will be easier after we join the Group and are able to exchange knowledge on a national and international level. At the same time, we will still be able to operate according to our own principles and procedures. - says Dr. Monika Tyszkiewicz, founder of Sfora.

The Sfora team will have access to free training offered as part of the LuxVet training platform, and to an employee benefit package (private medical care, sports card).  The LuxVet Group will support the facility in accounting, administration activities, procurement, IT support, and marketing.

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About the LuxVet Group

The Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector.

The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Two Węgrzyn facilities join LuxVet Group

05.06.2024

The LuxVet Group is strengthening its position in the Lubuskie Voivodship. The Group has recently welcomed two new facilities: Węgrzyn Weterynaria Specialized Veterinary Outpatient Clinic and Węgrzyn Weterynaria Veterinary Office.

The Węgrzyn Outpatient Clinic is located in Strzelce Krajeńskie at Aleja Wolności 43, while the Office is in Dobiegniew at ul. Gdańska 6/7. Both facilities were established by veterinarian Marcin Węgrzyn, who continued the work of his father, Eugeniusz Węgrzyn, who started a veterinary practice in the area back in 1982. The team consists of 8 veterinarians, 5 technicians and 3 administrative staff.

Patients are offered both primary and specialist medical care. The outpatient clinic specializes in surgery, orthopedics, oncology, dermatology, oncosurgery, endoscopy and zoophysiotherapy. The Węgrzyn Outpatient Clinic also offers its patients imaging diagnostics (ultrasound, x-ray) and additional examinations in its own laboratory. The facility has a fully equipped two-bed operating room with inhalation anesthesia equipment, respirators and a CO2 laser. During inpatient treatment, patients can stay in 3 separate hospitals: for cats, for dogs or for patients with infectious diseases. The clinic building is modern and spacious, with a large social area and a convenient parking lot.

We are an ambitious team of people, who want to improve for the benefit of their patients. Within the Group, we have a sense of stability, security and excellent opportunities for growth. Moreover, we are becoming part of the LuxVet community that shares knowledge and best practices. - said Marcin Węgrzyn, veterinarian and founder of the clinic.

The integration into the LuxVet Group will provide the facilities with support in the areas of administration, finance and accounting, IT, procurement and marketing. Employees will benefit from training on the LuxVet platform and the employee benefits package.

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About the LuxVet Group

The Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector.

The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Zalesie Veterinary Clinic joins LuxVet Group

04.06.2024

The LuxVet Group is consolidating its position in the Podkarpacie Region. The Zalesie Veterinary Clinic in Rzeszów has just joined the Group.

The Zalesie Veterinary Clinic is located at ul. Łukasiewicza 2B in Rzeszów. Founded by veterinarians Joanna and Grzegorz Janicki, the team currently consists of 6 veterinarians, 3 technicians and one assistant.

The facility provides services in the area of: prevention, internal medicine, surgery, anesthesiology, cardiology, dermatology, endoscopy, ophthalmology, orthopedics, pediatrics and reproduction. Laboratory diagnostics is performed in its own fully-equipped diagnostic laboratory and also in cooperation with external Polish and European veterinary laboratories. Zalesie also owns diagnostic imaging equipment, including a CT scanner, X-ray and ultrasound.

From the very beginning, when we created and developed Zalesie, we have focused not only on the quality of our services, but also on the comfort of and friendly approach to our patients. - says Dr. Joanna Janicka.
By joining LuxVet, we will be able to continue working according to these principles, and thanks to the support of the Group, we will gain new opportunities for the development and training of our employees. - adds Dr. Grzegorz Janicki.

The Zalesie team will have access to free training offered as part of the LuxVet training platform, and to an employee benefit package (medical care, sports card).  Additionally, the LuxVet Group will also support the facility in administration activities, accounting, procurement, IT support, and marketing.

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About the LuxVet Group

The Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector.

The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Additional veterinary clinics in Romania join the LuxVet Group

07.05.2024

LuxVet Group, one of the largest platforms integrating veterinary clinics in Central and Eastern Europe, continues its expansion in Romania. In a recently completed transaction, two Vet Consult facilities were added to the Group. 

LuxVet Group in Romania

The LuxVet Group has been integrating the existing veterinary facilities and clinics, providing their founders with capital support and access to cutting-edge solutions and best practices. The collaboration follows a partnership business model, which is based on respect for the past achievements of the integrated entities.  The facilities that join the group retain their brand and their founders remain actively involved in their continued growth. Additionally, the LuxVet Group’s mission is to elevate working standards in the industry. Therefore, facilities joining the Group are offered access to, among other things, knowledge-sharing programs and best practices used in Western European countries.

The LuxVet Group was established in Poland where, within 2 years of its existence, it has become the leading veterinary platform with 700 employees in nearly 40 facilities. In addition to integrating existing clinics, LuxVet is building its own reference veterinary hospital. The facility will open later this year in Poland’s capital, Warsaw, and will be the largest of its kind in the region.

LuxVet launched its operations in Romania last December, with the Vetzone Spital Veterinar in Constanta as its first clinic. Under the recently signed agreement, two Vet Consult facilities will be added to the Group’s Romanian branch.

Vet Consult – a mission of continuous development for the benefit of animals

The first Vet Consult clinic was formed in 2000 in Brăila. In 2016, the facility underwent a complete renovation and in 2023, another veterinary clinic was opened in the same town under the Vet Consult brand. The founder of Vet Consult, Dr. Marian Capatina, leads the team of 6 doctors, 6 veterinary technicians and 3 administrative staff in both locations.

Both facilities have state-of-the-art equipment to provide a wide range of services: from basic veterinary care, laboratory testing (hematology, biochemistry, urinalysis, virology, parasitology, allergy testing) and diagnostic imaging (radiology, abdominal ultrasound, cardiac ultrasound, electrocardiogram) to general surgery, orthopedics (with inhalation anesthesia) and dentistry (including ultrasound tartar removal).

For almost 25 years, we have been developing and improving not only our individual skills and teamwork, but also the methods of examination and diagnosis and the medical equipment we use. This shows how serious we are about fulfilling our mission, which is to help sick animals and support their pet parents. The LuxVet Group is committed to similar values, while at the same time being open to and respectful of our experience and accomplishments. This shows that we will be able to maintain our individual character while receiving unique development opportunities, both for our Vet Consult brand and for our employees - says Dr. Marian Capatina, Vet Consult’s founder.

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About the LuxVet Group

The Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector.

The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl

Beechbrook Capital Invests in LuxVet Group Providing Acquisition Capital

23.04.2024

Beechbrook Capital (“Beechbrook”), a leading lower-mid-market debt manager in the UK and Europe, has completed an investment in the LuxVet Group (“LuxVet”), the largest platform of veterinary clinics in Poland, from its Private Debt IV fund, providing senior debt to co-finance the expansion of its platform via acquisitions of veterinary clinics. 

The LuxVet Group, which has already secured capital from funds managed by Oaktree Capital Management, L.P. (“Oaktree”), Cornerstone Investment Management and INVL Baltic Sea Growth Fund, is Beechbrook Capital’s first investment in Poland as part of its continental Europe-focused investment strategy.

Headquartered in Warsaw, the LuxVet Group is consolidating and integrating the fragmented veterinary industry in Poland, which has the largest pet population in Europe.

In two years of operation, the Group has grown to become the largest platform of veterinary clinics in Poland and is also expanding into surrounding regions.

LuxVet provides strategic support for the clinics joining the platform, contributing to their further growth and development. This includes investments in advanced medical equipment, providing training and development paths for staff, and providing management and administrative support. At the same time, the Group is building a state-of-the-art veterinary referral hospital in Warsaw, which will be an important link in the reference network and a natural destination for patients requiring advanced specialist care – ranging from emergency and critical care to orthopaedics, neurology, dentistry, diagnostic imaging, and more.

Overall, LuxVet is creating a platform for top quality veterinary services in Poland and raising the standards of work in the veterinary sector.

Beechbrook Capital’s investment will be used to support further acquisitions and accelerate LuxVet’s expansion in Poland and Central and Eastern Europe.

David Merriman, Head of European Private Debt at Beechbrook, commented: “We are delighted to partner with Oaktree and Cornerstone along with the excellent LuxVet management team in their ambitious programme of growth and enhancement in the Polish veterinary sector. We have had an excellent experience working with all parties on this transaction and look forward to the development of the business in the coming months and years. This transaction marks our first investment in Poland, a market in which we are seeing many interesting opportunities in the lower mid-market.”

Piotr Zajączkowski, CEO of the LuxVet Group, commented: “Our ambition is to a create strong, effective and friendly pet healthcare provider by bringing individual practices together into a strong group, provide good working and development conditions for staff and invest in innovative solutions. I am delighted that Beechbrook will support us in these efforts.”

Karim Khairallah, Managing Director and Co-Portfolio Manager at Oaktree, added: “We are pleased to partner with Beechbrook as we continue to support LuxVet in its mission to raise the bar of quality veterinary services and standards of work in the veterinary sector. This new financing will play a key role in enhancing LuxVet’s growth as it continues its European expansion.”

Tomasz Jemielity, Vice President at Cornerstone Investment Management, said: “We are looking forward to this collaborative journey with Beechbrook, and welcoming a new partner who shares confidence in Luxvet, to drive positive change in the industry. This alliance not only underscores our joint commitment to the welfare of all beloved animal companions but also represents a strategic investment in the future of pet healthcare.”

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About Beechbrook Capital

Beechbrook Capital, a specialist direct lender founded in 2008, invests in the lower-mid market/SMEs across a range of industries in the UK and Europe through two separate senior debt strategies. To date, it has raised more than €1bn through eight funds and has invested in 95+ companies in the UK and Europe.

Beechbrook’s PDIV Private Debt fund provides senior finance to support European private equity-backed owned companies with a typical enterprise value of €10 million to €100 million, investing between €5m and €20m per transaction.  Beechbrook has a separate, predominantly sponsorless, SME fund in the UK.

The Beechbrook team consists of 15 plus investment professionals, plus a portfolio management team, an investor Relations team investment committees, located in London, Frankfurt, Cork, Manchester, Birmingham and Leeds.

For additional information, please visit Beechbrook Capital’s website at www.beechbrookcapital.com

 

About LuxVet Group

LuxVet Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first referral hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector across Poland. For additional information, please visit LuxVet’s Group website at www.grupaluxvet.pl

 

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $189 billion in assets under management as of December 31, 2023. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,200 employees and offices in 22 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com

 

About Cornerstone Investment Management

Founded by Przemysław Krych in 2001, manages private equity investments with assets valued at 10 billion EUR. With a team of experienced experts, the company delivers higher returns in areas such as corporate private equity, private debt, and private equity real estate, utilizing deep knowledge, relationships, and team skills to unlock situations and create exceptional returns for investors.

The company’s portfolio includes investments in various sectors, including real estate, IT outsourcing, biodegradable hygiene products, cable operators, renewable energy, healthcare, the food sector, green metals, animal care, and financial services. Spravia, Elemental, Ecowipes, Okechamp/Lutece, Luxmed, Avenga, LuxVet Group, ProService Finteco – these are examples illustrating the diversity of industries and sectors in which Cornerstone Investment Management has invested. For additional information, please visit Cornerstone’s website at www.cornerstone-im.com

 

About INVL Baltic Sea Growth Fund

With a size of EUR 165 million, the INVL Baltic Sea Growth Fund the leading equity fund in the Baltics. The European Investment Fund (EIF) is its anchor investor.

The EIF, which is a part of the European Investment Bank, has committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or the Junker Plan) whilst also allocating resources from the Baltic Innovation Fund, a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia. The initiative aims to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics.

The fund is focused on the Baltic countries and neighbouring regions including Poland, the Nordics, and Central Europe. After this investment, INVL Baltic Sea Growth Fund has formed a diversified portfolio of nine companies. The fund has invested in companies to date, focusing on sectors including food processing, healthcare, medical rehabilitation, civil engineering, plastic recycling, environmental resource management, veterinary services, and the manufacturing of cosmetics and hygiene products.

The fund is managed by INVL Asset Management, the leading alternative asset manager in the Baltic States, which is part of the Invalda INVL Group, operating for more than 30 years. The group’s companies manage more than EUR 1 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania and Latvia, management of pension funds in Latvia, and investments in global third-party funds.

For additional information, please visit INVL Baltic Sea Growth Fund’s website at www.bsgf.invl.com

 

About Syntaxis Capital

Syntaxis Capital is a private debt investor dedicated to providing long term capital to fast growing medium-sized companies in Central Europe, with a particular focus on Poland. With backing from institutional Western European investors, including the European Bank for Reconstruction and Development and the European Investment Fund, Syntaxis focuses on providing flexible credit solutions to the mid- to lower mid-market, where access to suitable long-term finance is increasingly difficult to obtain. The core of Syntaxis’ team has worked together for the past 18 years, and its track record in Europe dates back 27 years.

For additional information, please visit Syntaxis Capital’s website at www.syntaxis-capital.com

VET-MED veterinary clinic in the LuxVet Group

15.04.2024

The LuxVet Group is strengthening its position in the Kujawsko-Pomorskie Region. Veterinary practice VET-MED has signed an agreement to join the Group.

Founded by doctor Dawid Pękala, the VET-MED clinic is located at ul. Suleckiego 2H in Toruń. The experienced and close-knit team of 4 veterinarians, 4 technicians and 1 administrative employee have been saving the lives and health of animals for over 15 years, which they say is their “mission and gives them immense satisfaction”. The facility offers a wide range of specialist services in orthopedics, surgery, ophthalmology, neurology with neurosurgery, oncology and radiodiagnostics. It also has state-of-the-art equipment, including a CT scanner.

Our doctors have learned from veterinary specialists in Poland, the United States, Sweden, Italy and Denmark. We believe that the cooperation of numerous veterinary institutions, the sharing of knowledge and experience, and the exchange of ideas with international partners will help accelerate the development of our industry in Poland. My team and I are joining the LuxVet Group to actively participate in these processes. - said doctor Dawid Pękala, the clinic’s founder.

Additionally, integration with the LuxVet Group will provide VET-MED with support in the administration, finance and accounting, IT, procurement and marketing areas. Employees will take advantage of training on the LuxVet platform and a package of employee benefits.

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About the LuxVet Group

The Group has been consolidating and developing the veterinary sector in Central and Eastern Europe through a flexible partnership business model based on respect for the past achievements of the entities being integrated. By working with doctors and owners of leading animal health institutions and building its first hospital for small animals in Poland, the LuxVet Group develops top quality veterinarian services and raises the standards of work in the veterinary sector.

The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management L.P. as (the majority shareholder, which is also a shareholder in UNAVETS Group, a veterinary platform similar to LuxVet and a market leader in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.

www.grupaluxvet.pl