mynth
07/2022

UNIVET acquired by INFRAVIA CAPITAL

FRANCE Health Providers / Outpatient Care / Vet Clinics EV 300M - 700M EUR

Context

InfraVia Capital Partners acquired a minority stake in Univet from Platina Equity Solutions, which had been a partner since 2018. The transaction was structured as a combination of secondary share purchases and a primary capital increase, financed entirely through equity from InfraVia's EUR5 billion European Fund V. The founding management and associated veterinarians retained the majority of the capital. The investment is intended to accelerate Univet's buy-and-build strategy, supporting its ambition to reach EUR100 million in revenue by the end of 2022. This deal highlights the trend of infrastructure funds entering the veterinary sector, attracted by the predictable, recurring nature of animal healthcare services and the massive potential for market consolidation.

UNIVET, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Founded in 2008, Univet is a major French provider of veterinary care, specializing in domestic animals. The network operates a decentralized "liberal" model where veterinary practitioners remain core shareholders of their practices. Univet centralizes non-clinical tasks such as human resources, accounting, marketing, and supply chain management, allowing medical teams to focus on care. By mid-2022, the network included nearly 150 clinics and practices across France and Belgium.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of UNIVET by INFRAVIA CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: infravia capital