Eight Advisory advised Nesto Vet Germany GmbH on the partnership with Veternicum GmbH
Eight Advisory advised Nesto Vet Germany GmbH, a network of veterinary practices active in Belgium, Luxembourg, and Germany, backed by Verlinvest NV, on the partnership with Veternicum GmbH, a German veterinary group, with financial and tax due diligence services.
Nesto was founded in January 2019 with the integration of Orion, a highly specialized 2nd line referral clinic and a recognized “pet hospital” with 24/7 service, that serves as a reference and training ground for the network. The founding team includes CEO Paul Huyghe and Medical Director Johan Van Ommen, the original founder of Orion.
Veternicum was founded in 2019 and is led by Founder and CEO Georg Tünsmeyer and Head of M&A Jan Oestmann. The company has been expanding across Northern and Southern Germany, with headquarters in Hamburg.
The combined network will grow to over 50 clinics by the end of this year, with over 20 of those located in Germany. Also today, Nesto announced that it is entering into a long-term partnership with Verlinvest, as the Belgium-based, family-backed evergreen investment company has acquired a stake in Rigel, the financing partner of Nesto Belgium and holding company of the international Nesto subsidiaries in Luxemburg and Germany.
The partnership between Nesto and Veternicum will enable the network to accelerate growth across Europe, further enhancing the high level of customer centricity, quality of pet care, and attractive work environment for their veterinary professionals.
Our experts provided financial and tax due diligence services:
Financial due diligence:
👉 Murat Deniz, Partner
👉 Foucault Pellegrin, Senior
Tax due diligence:
👉 Matthias Hogh, Partner
👉 Frank Wallbott, Director
👉 Karoline Mielnik, Senior
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