Travers Smith LLP has advised longstanding client Inflexion on the financing of its investment in Tierarzt Plus Partner (TPP), Germany’s largest group of veterinary practices.
Founded in 2018, TPP has close to 100 vet practices across Germany and c. 1,700 employees. The company partners with local veterinarians to offer leading animal healthcare services, mainly for small animals, and supports them with comprehensive training, best industry practices and significant technology investments.
The investment, which is being made by Inflexion’s Buyout Fund VI, will be used to accelerate the growth of TPP. In particular, Inflexion will support further investment in digitisation of the business, training and the expansion of its vet practice network across Germany both through acquisitions and the opening of new greenfield sites.
The Travers Smith team was led by Finance Partner Will Sheridan and Senior Associate Jason Larkins.
Hengeler Mueller advised Inflexion on the corporate side.
