Renzenbrink & Partner advised TeamVet Beteiligungs GmbH on the acquisition of the equine clinics “Burg Müggenhausen” and “Mühlen” as well as on a silent partnership with Haspa BGM

5 January 2021

TeamVet Beteiligungs GmbH (“TeamVet”), headquartered in Ahrensburg near Hamburg, is a fast growing group currently comprising 15 veterinary practices and clinics with the aim of promoting professional cooperation between the clinics and realizing revenue and cost synergies within the association while the individual veterinary clinics and practices 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 total of 15 veterinarians at present. Pferdeklinik Mühlen GbR, based in the Oldenburg Münsterland region between Bremen and Osnabrück, with nine veterinarians, has a particular 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 group. Haspa BGM quietly and openly invests in companies with sales of EUR 10 to 300 million.

Renzenbrink & Partner has been advising TeamVet on all aspects of corporate law on an ongoing basis since the group was founded in 2017 and has been the lead advisor for all of TeamVet’s acquisitions. In connection with the acquisition of the equine clinics Burg Müggenhausen and Mühlen as well as the silent partnership, 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.

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