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Vet solutions, the leading provider of practice management systems to the veterinary profession in the UK, was sold for an undisclosed amount to Henry Schein Inc, a Fortune 500 company and the world’s largest distributor of products and services to the office based dental, medical and animal health practitioners. The shareholders of Vet solutions were advised by Springboard Corporate Finance, who were responsible for negotiating and project managing the transaction.
Julian Bryan, former Chief Executive and shareholder of Vet solutions, commenting on the service provided by Springboard: “It wasn’t until we had engaged the services of Springboard that we realised how valuable they were in supporting us through our recent sale. Not only did they know how to manage the relationship with a seasoned acquirer, but they ensured we secured full value and, most importantly, allowed us to get on with the ‘day job’ of running the business to maintain the value through the transaction. This was particularly important to us as we were continuing on within the business after completion. Money very well spent!”
Justin Sparks, the Director at Springboard Corporate Finance who led the transaction, said: “This was an important sale for our client and we are delighted to have supported them by negotiating and delivering this deal which enables them to realise their full value despite the prevailing general market conditions. The sale also provides Vet solutions with an excellent home to support the continued development and expansion of the business”.
Posted 30/07/2009
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