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Portfolio · Mid-Market Buyout

Nuzoa

A specialty veterinary services platform with a network of high-acuity clinics across Iberia.

Mid-Market Buyout Animal Health Realised
Investment
2017
Exit
2022
HQ
Madrid, Spain
Role
Majority shareholder

The opportunity

The Iberian veterinary services market was fragmenting rapidly, with growing demand for high-quality specialty care. Nuzoa had a strong reputation among referring vets and an opportunity to consolidate the specialist segment.

What we did

We supported a buy-and-build strategy across Spain and Portugal, completing more than ten add-on acquisitions, while investing in clinical excellence, training and centralised back-office.

Outcome

Exited in 2022 to an international consolidator.

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