The parties did not reveal the value of the deal, but it involved a 99% stake that went to the Polish buyer.
LuxVet is backed by three investment management and private equity firms: Oaktree Capital Management (majority owner, which is also the majority owner of UNAVETS Group, a leading veterinary platform in the Iberian Peninsula), Cornerstone Investment Management and INVL Baltic Sea Growth Fund.
Launched three years ago, the group started in Poland, where it owns more than 50 veterinary clinics and offices, including a 2,200 square meter hospital with a 24-hour emergency room, intensive care unit, 13 exam rooms and five operating rooms.
LuxVet first entered the Romanian market in December 2023 and also made other acquisitions, Vetzone Spital Veterinar in Constanta and Vet Consult (two locations) in Braila.
It comes with funds for business development and uses a partnership-type business model, so the companies acquired retain their brands, and the founders stay involved in the business, the group said.
Pet Stuff veterinary hospital is located in Bucharest Sector 6. The investment in the hospital amounted to about EUR1 million, which went towards arranging the space and buying equipment. The founders of the business were two veterinarians, Ruxandra Tenia and Cristian Cristea, later joined by Alexandru Buzdea. Pet Stuff posted RON11 million revenue in 2023.
(English version by Loredana Fratila-Cristescu)