Lawyers at international legal practice Osborne Clarke in Bristol advised Vet’s Klinic on the £4 million growth capital investment.
Vet’s Klinic offers a unique experience for pets and pet owners, with a glass-fronted treatment area, an industry-leading booking system, real-time video and photo updates to pets’ medical records and a large-scale team of veterinary experts.
The business has seen growing demand for its services during the pandemic, with 3.2 million households adopting a pet since March 2020. To meet demand, Vet’s Klinic will use the funding to roll out a further four “super klinics” along the M4 corridor.
Since opening in 2012, it has become a “Super Klinic”; the largest single site, first opinion practice in Swindon.
Rowan Grobler, Mobeus Investment Manager, said: “More families have pets – and those pets are more like one of the family – than ever before, driving demand for trusted, high quality veterinary care. With its market-differentiated service delivered through technology, high proportion of well-paid nurses and low staff turnover rates, Vet’s Klinic is well positioned to respond to demand, specifically in regional towns and cities with a small number of vets.”
Mobeus was advised by Mansfield Advisors (commercial), Boyes Turner (legal), PKF Francis Clark (financial), Stratton HR (Management). Vet’s Klinic was advised by Osborne Clark (Legal) and James Cowper Kreston Corporate Finance.