BDO provided financial and tax due diligence services to CVS Group plc in relation to their acquisition of Troytown GreyAbbey Equine Veterinary Services and Gilabbey Veterinary Hospital.
The acquisition of Troytown GreyAbbey Equine Veterinary Services (“Troytown GreyAbbey”) is of particular significance for the CVS Group, as it marks their first investment in the Republic of Ireland. Troytown GreyAbbey is the leading equine referral hospital in Ireland providing outstanding patient care through compassion, co-operation and innovation. The practice is based at two sites in County Kildare and employs around 50 staff.
Gilabbey Veterinary Hospital (“Gilabbey”) is a dedicated small animal referral practice in County Cork and is CVS Group’s second acquisition in the Republic of Ireland. The practice employs around 38 staff, which include seven regularly visiting specialists and consultants.
CVS Group plc is the UK’s leading provider of integrated veterinary services. The company owns over 186 practices across 476 sites in the UK, Republic of Ireland and Netherlands across small animal, large animal and equine specialisms including seven small animal referral hospitals and two equine referral hospitals.
The BDO team was led by Rory O'Keeffe, Head of Transaction Services and and supported by David Giles, Tax Partner.