We assisted INVL Baltic Sea Growth Fund, a leading Baltic private equity fund, with its investment in LuxVet, one of Poland‘s largest networks of veterinary care providers, through its portfolio company MiniVet.
The INVL Baltic Sea Growth Fund acquired the MiniVet chain in June 2022. MiniVet aims to create a broad network of clinics that will also include specialised clinics offering more complex premium veterinary services.
The LuxVet Group is already one of the largest veterinary networks in Poland and, by implementing a buy-and-build strategy, expects to become the leader in its home country by the end of the year. The largest shareholders of the LuxVet Group are funds managed by Oaktree Capital Management, L.P. (Oaktree), a leader among global investment managers specialising in alternative investments, and Cornerstone Investment Management, one of the leading investment management firms in Central and Eastern Europe.
Oaktree already has successful veterinary clinics in Spain and Portugal, while Cornerstone has contributed significantly to the consolidation in the Polish market of the LuxMed medical chain and has had an instrumental role in setting up the LuxVet Group in Poland.
Our services and project team
Our team, consisting of partner Mantas Petkevičius and senior associate Mindaugas Dominykas Baniulis, advised INVL Baltic Sea Growth Fund on all legal matters related to the transaction, including transaction structuring and negotiations. DLA Piper Luxembourg advised the client on local legal matters.