LuxVet Group (“the Group”), the leading platform of veterinary practices in Poland, has started expanding into Eastern European markets. In a recently finalized transaction, the Group became the owner of Vetzone Spital Veterinar, a modern 24-hour veterinary clinic in Romania. There are plans to acquire other practices in the country. At the same time, the Group is continuing its rapid expansion in Poland – the country with the largest pet population in Europe – where it has already achieved the position of market leader with nearly 40 practices.
LuxVet Group’s strategy is based on a ‘buy-and-build’ model. The company supports the transformation of the Polish veterinary healthcare market by acquiring and investing in the further development of existing veterinary practices and synergistic adjacencies providing additional services to the sector. At the same time, the company 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.
The Group has secured capital support from three investment funds: funds managed by Oaktree Capital Management, L.P. as the majority shareholder (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. The success of the business model and the position achieved by the LuxVet Group in Poland encouraged the investors to make the decision to expand to other markets in Central and Eastern Europe.
The acquisition of Vetzone Spital Veterinar, a reputable veterinary clinic in Romania, marks LuxVet Group’s first international expansion. Founded by veterinarian couple, Laurentiu and Cristina Leica, Vetzone Spital is a 24-hour facility is located in Constanta on the Black Sea coast. It employs 16 veterinarians and 7 technicians and offers a wide range of specialist services, including surgery, orthopaedics, dermatology, allergology, internal medicine, endocrinology, cardiology, dentistry and emergency care.
After the first successful transaction, the LuxVet Group plans to make other acquisitions in Romania and expand further in Central and Eastern Europe in the future.
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.