MCF acted as exclusive Debt Advisor to TeamVet on the refinancing of its existing debt facilities
TeamVet Beteiligungs GmbH (“TeamVet”), a German veterinarian buy-and-build platform focusing on equine care but also serving companion animals, has successfully refinanced its existing liabilities and secured additional acquisition facilities to support its impressive buy-and-build strategy. In this transaction, MCF advised TeamVet and its shareholders on the successful arrangement and structuring of the refinancing, revolving and acquisition facilities.
The Deal
Since its founding in 2017, TeamVet has evolved into a leading veterinarian buy-and-build platform, encompassing a network of independent equine and companion animal practices across 27 locations in Germany. Additionally, TeamVet has successfully completed seven add-on acquisitions over the past two years. The newly implemented financing structure enhances operational flexibility while providing substantial resources to support and drive the alliance’s continued inorganic growth.
About TeamVet
TeamVet is a German veterinarian buy-and-build platform focusing on equine care but also serving companion animals. It was founded in 2017 and is headquartered in Ahrensburg, Germany (close to Hamburg). Alongside its equine practices, TeamVet operates mixed veterinary practices throughout Germany and has established a dedicated cluster of practices for companion animal care. TeamVet has also vertically integrated a provider of equine feed supplements. The platform comprises a network of independent equine and companion animal practices, with a primary focus on sustainable growth and the development of its sites. Currently, TeamVet operates at 27 locations across Germany, employing around 700 professionals, including around 230 veterinarians. The Group offers a wide range of treatments suitable for both hobby and leisure riders as well as professionals and breeders alike.
