BaltCap Growth Fund received merger clearance for its strategic investment into Vet Ventures

Our Corporate team has led the merger control procedures and assured merger clearance for BaltCap Growth Fund for its strategic investment into Vet Ventures group of companies.

We have represented the client in the merger control procedures with the Competition Council, drafted the notification of concentration, engaged in negotiations with the Competition Council and led the process to the successful issuance of merger clearance.

“Decision to invest in the emerging network of veterinary clinics has been driven by reliable and well-prepared partners, the extremely rapid growth of the pet care industry worldwide and our experience in consolidating fragmented markets. <…> We see similar challenges and similar prospects in the pet care market today”, – said by BaltCap partner Kornelijus Čelutka.

The transaction is significant in the private equity market as our client, the largest private equity fund manager in the Baltic states BaltCap, has engaged into business jointly controlled with another well-known investment management company I Asset Management.

After the receipt of the merger clearance, we continue our work and proceed to help the client successfully close the transaction.

It is expected that the investment in the veterinary services sector will increase competition, leading to a higher quality of services and more explicit support and attention to both customers – people and their pets.

Experience