Renzenbrink & Partner advises TeamVet Beteiligungs GmbH on the acquisition of the equine clinics “Burg Müggenhausen” and “Mühlen” as well as on the acquisition of Haspa BGM
5. February 2021TeamVet Beteiligungs GmbH (“TeamVet”), based in Ahrensburg near Hamburg, is a rapidly growing partnership of 15 practices and clinics active in veterinary medicine with the aim of promoting professional cooperation between the clinics and realizing revenue and cost synergies within the network. As far as possible, the individual veterinary clinics and practices will continue to operate under their existing management, name and market presence.
Pferdeklinik Burg Müggenhausen GmbH, based in Weilerswist near Bonn, operates a leading German equine clinic with a current total of 15 veterinarians. The Mühlen GbR equine clinic, based in the Oldenburg Münsterland region between Bremen and Osnabrück, has nine vets and a special focus on reproductive medicine.
In connection with the acquisition of the equine clinics, TeamVet was able to gain Haspa BGM, a subsidiary of Hamburger Sparkasse AG, as a silent partner for the further growth of the network. Haspa BGM quietly and openly invests in companies with a turnover of EUR 10 to 300 million.
Renzenbrink & Partner has been advising TeamVet on all aspects of corporate law on an ongoing basis since the association was founded in 2017 and has played a leading role in all of TeamVet’s acquisitions. A Renzenbrink team consisting of Dr. Niels Maier (lead, Corporate/M&A), Dr. Ulf Renzenbrink (Corporate/M&A), Marc Kotyrba (Tax), Isabell Hitzer (Finance) and Martin Aisenbrey (Corporate/M&A) advised in connection with the acquisition of the equine clinics Burg Müggenhausen and Mühlen as well as the silent partnership.