IVC Evidensia acquired the veterinary clinic company Vetminds Invest
Ellex in Estonia advised IVC Evidensia, Europe’s largest veterinary services provider, on the acquisition of eight veterinary clinics in Estonia and Latvia.
IVC Evidensia, a giant company with several thousand veterinary clinics, acquired the Estonian veterinary clinic company Vetminds Invest, which owns, for example, the Animal Emergency Clinic and Västriku Animal Clinic in Tallinn, and the Rakvere Animal Clinic.
The acquisition of the company will not result in personnel changes in Vetminds clinics, which will continue with the same already familiar employees. The founders of Vetminds will also continue to serve the company.
Jukka Toivanen, the national head of IVC Evidensia Finland, will continue to lead the Estonian and Latvian business operations.
“After the transaction, we will be able to take advantage of the combination of our international network and high-quality local know-how,” says Jukka Toivanen, National Manager.
Valdeko Paavel, one of the founders of Vetminds, notes in the announcement that the purchase offers Vetminds employees excellent opportunities to train themselves internationally and diversify their careers. “It will also accelerate the digital transition and the development of veterinary medicine, continuing to improve both the available services and the customer experience,” says Paavel.
The Ellex team that advised IVC Evidensia included Partners Sven Papp and Martin Mäesalu, Senior Associates Gerda Liik and Hanna Pahk, Counsel Jaanus Ikla, Associates Merlin Liis-Toomela and Georg Kuusik and Lawyer Erik Seim.
IVC Evidensia is the largest and most diversified vet services platform in Europe with more than 1,500 clinics and hospitals across 12 countries. IVC employs approximately 22,000 people, including over 6000 veterinarians.
Vetminds offers veterinary services in seven Estonian and one Latvian clinic. The company ended 2020 with a turnover of just under 5 million euros and an operating profit of over half a million.