CVS Group plc (AIM: CVSG), one of the UK’s leading providers of integrated veterinary services, raises £60 million.
The funds will be used primarily to pay down debt and create additional headroom to fund expected future acquisitions, including an identified pipeline of circa £40 million of deals expected to conclude in the next 6 months.
In the last 6 months, the pace of acquisitions continued with the Group completing a total of 22 acquisitions of 34 surgeries. These acquisitions bring the total number of surgeries operated by the Group to 457 continuing the geographic development of the Group across the UK and the Netherlands.
Singer Capital Markets acted as sole bookrunner, nominated adviser and sole broker in connection with the fundraise.
Current Market Cap: £720 million
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