A gunnercooke team led by Samantha Ogden has acted for Pets at Home on the acquisition of Northwest Surgeons; a specialist provider of veterinary services to veterinary practices in the North West, an important strategic acquisition for Pets.
Pets at Home operates via 392 stores located across the UK and operate the UK’s largest small animal veterinary business with 308 practices, run principally under a joint venture using the Companion Care and Vets4Pets brand names. Northwest Surgeons Limited provides specialist veterinary services to veterinary practices in the North West. They specialise in orthopaedics, soft tissue and spinal surgery, internal medicine and cardiology with support in anaesthesia, pain management and diagnostic imaging.
We acted for Pets at Home on the creation of a new company, formed for the purpose of making the acquisition. The new company, acquired the entire issued share capital of Northwest Surgeons Limited. The sellers were to stay with the business for a period of time following completion and new service agreements were put in place. In addition, several members of the current management team resigned from the board of the target and new terms had to be put in place going forward. Our role was to help to structure a deal that met the objectives of all parties involved.
“Our business is going through a massive period of change and growth – so it’s great to work with a team that has ‘seen it all before’. They understand the way to structure a transaction to get the best result for both us and for our acquisition target. Sam and the team were available to go through things with us at any time throughout the process.”
Lucy Williams, Senior Lawyer, Pets at Home