GovWire

Medivet Group Limited / multiple independent veterinary businesses merger inquiries

Competition Markets Authority

April 6
09:06 2023

Phase 1

The CMA has decided to investigate the following completed acquisitions by Medivet:

  • All Creatures Clinic Limited
  • The assets and business of the veterinary practice under the name Hollies Veterinary Surgery
  • Canine Healthcare Limited (t/a Vet Value)
  • The assets and business of the veterinary practice under the name Iffley Vets
  • The Oxford Cat Clinic Limited
  • The Vet Station Limited
  • Barton Companion Animal Services Limited
  • Stanhope Park Veterinary Hospital Limited
  • I T Kalogera Holdings Ltd (including its subsidiary I T Kalogera Limited) (t/a Brockwell Vets)
  • Monument Vets Ltd
  • Fitzalan House Veterinary Practice Ltd
  • Ferring Street Vets Limited
  • The Hackney Vet Limited
  • The assets and business of the veterinary practice under the name Caddy Veterinary Surgery/Practice
  • E Street Limited (t/a Elizabeth Street Veterinary Clinic)
  • The assets and businesses of the veterinary practices under the name The Vet on Richmond Hill & The Vet in St Margarets
  • Withy Grove Veterinary Clinic Limited

Statutory timetable

Phase 1 Action
18 May 2023 Deadline for Phase 1 decisions
17 March 2023 Launch of merger inquiries
17 March 2023 Invitation to comment
4 January 2023 Directions to appoint a Monitoring Trustee
21 December 2022 Initial enforcement orders

FNTQ decisions announced

6 April 2023: The CMA has decided that the completed acquisitions by Medivet of Monument Vets Ltd and Stanhope Park Veterinary Hospital Limited do not qualify for investigation under the merger provisions of the Enterprise Act 2002.

Launch of merger inquiries

17 March 2023: The CMA announced the launch of its merger inquiries by notice to Medivet.

Invitation to comment: closes on 31 March 2023

17 March 2023: The CMA is considering whether it is or may be the case that any or all of the transactions listed above have resulted in the creation of relevant merger situations under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of any of those situations has resulted, or may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on any or all of the transactions from any interested party.

These comments should be provided by the deadline set out above (specifying which of the transaction(s) they refer to).

Contact

Please send written representations about any competition to:

Directions to appoint a hold separate manager

2 February 2023: Pursuant to the Initial Enforcement Orders issued on 21 December 2022 and 24 January 2023, the CMA directed Medivet Group Limited to appoint a hold separate manager.

Directions to appoint a monitoring trustee

24 January 2023: The CMA has issued a variation of the directions to appoint a monitoring trustee issued on 4 January 2023 pursuant to paragraph 10 of the initial enforcement orders dated 21 January and paragraph 12 of the initial enforcement order dated 24 January 2023.

4 January 2023: Pursuant to the initial enforcement orders dated 21 January 2022, the CMA directed Medivet Group Limited, Hecate Holdco Limited, CVC Capital Partners VIII Limited, CVC Capital Partners VIII (A) L.P., CVC Capital Partners VIII Associates L.P. and CVC Capital Partners Investment Europe VIII L.P to appoint a monitoring trustee.

Initial enforcement orders

24 January 2023: The CMA has revoked and reissued the initial enforcement order imposed on 21 December 2022 in relation to the completed acquisition by Medivet Group Limited of the assets and business of the veterinary practice under the name Caddy Veterinary Surgery/Practice. The Revocation Order was issued under section 72(4) of the Enterprise Act 2022 and is without prejudice to the CMAs ongoing investigations into the acquisitions.

21 December 2022: The CMA has served initial enforcement orders under section 72(2) of the Enterprise Act 2002 on Medivet Group Limited, Hecate Holdco (UK) Limited, CVC Capital Partners VIII Limited, CVC Capital Partners VIII (A) L.P., CVC Capital Partners VIII Associates L.P. and CVC Capital Partners Investment Europe VIII L.P, in relation to the completed acquisitions by Medivet of All Creatures Clinic Limited, the assets and business of the veterinary practice under the name Hollies Veterinary Surgery, Canine Healthcare Limited (t/a Vet Value), the assets and business of the veterinary practice under the name Iffley Vets, The Oxford Cat Clinic Limited, The Vet Station Limited, Barton Companion Animal Services Limited, Stanhope Park Veterinary Hospital Limited, I T Kalogera Holdings Ltd (including its subsidiary I T Kalogera Limited), Monument Vets Ltd, Fitzalan House Veterinary Practice Ltd, Ferring Street Vets Limited, The Hackney Vet Limited, Caddy Country Practice Limited, E Street Limited (t/a Elizabeth Street Veterinary Clinic), the assets and businesses of the veterinary practices under the names The Vet on Richmond Hill and The Vet in St Margarets, and Withy Grove Veterinary Clinic Limited. The initial enforcement orders all commenced on 21 December 2022.

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