Bluvet Acquired by Ca Zampa in €39 Million Deal
Deal News | Mar 06, 2025 | Legal Community Italy
Ca Zampa, known for its specialization in veterinary clinics, has acquired 100% of Bluvet, a network of veterinary clinics and hospitals. The acquisition, reaching a total value of €39 million, saw Ca Zampa growing its network to 48 structures and 900 professionals. The deal involved prominent advisors, including Carnelutti, Advant Nctm, Spada Partners, EY, and Deloitte Financial Advisory. This transaction not only included a significant sale but also a reinvestment by Nb Aurora, along with co-investment funds, amounting to around €9 million in Ca Zampa, supporting a broader capital increase. Following the acquisition, Nb Aurora will hold a minority stake, whereas F&P Equity Partners will not be involved with the new group structure. Key legal and financial advisors supported the transaction, reflecting its complexity and significance in the healthcare investment sector.
Sectors
- Veterinary Services
- Private Equity
- Financial Advisory
- Legal Services
Geography
- Italy – Italy is the primary geography as the companies involved, Ca Zampa and Bluvet, are Italian, and the legal and advisory services are also based in Italy.
Industry
- Veterinary Services – The primary industry involved is veterinary services, as the transaction centers on the acquisition of Bluvet, a network of veterinary clinics and hospitals.
- Private Equity – Private Equity is relevant as F&P Equity Partners and Nb Aurora are involved in the sale and reinvestment phases of the transaction.
- Financial Advisory – Multiple financial advisory firms, such as Deloitte Financial Advisory and EY, played a significant role in the transaction by providing advisory services.
- Legal Services – Legal services are heavily implicated due to the involvement of legal advisory firms like Carnelutti and Advant Nctm in structuring the deal.
Financials
- 39 million euros – The total consideration for the sale of Bluvet was approximately €39 million.
- 16 million euros – Nb Aurora's portion of the sale proceeds was around €16 million.
- 9 million euros – Nb Aurora reinvested €9 million into Ca Zampa alongside other investors.
- 5 million euros – The specific reinvestment amount by Aurora itself in the new structure was approximately €5 million.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ca Zampa | Bidding Company | Company | Ca Zampa is a company specializing in veterinary clinics and is the acquirer in the deal. |
| Bluvet | Target Company | Company | Bluvet is a network of veterinary clinics and hospitals acquired by Ca Zampa. |
| Nb Aurora | Selling Company | Company | Nb Aurora, along with its co-investment funds, participated in the sale of Bluvet and reinvested a portion of the proceeds into Ca Zampa. |
| F&P Equity Partners | Selling Company | Company | F&P Equity Partners were co-sellers of Bluvet and did not participate in the new group formation. |
| Carnelutti | Legal Advisor | Company | Carnelutti acted as the legal advisor to Ca Zampa's shareholders. |
| Advant Nctm | Legal Advisor | Company | Advant Nctm served as the legal advisor for the selling parties Nb Aurora and F&P Equity Partners. |
| Spada Partners | Tax Advisor | Company | Spada Partners provided tax advisory services for the transaction. |
| EY | Financial Due Diligence | Company | EY was responsible for the financial due diligence supporting Ca Zampa. |
| Deloitte Financial Advisory | M&A Advisor | Company | Deloitte Financial Advisory acted as the M&A advisor for Ca Zampa. |
| G Square | Investor | Company | G Square, the current majority shareholder of Ca Zampa, participated in the reinvestment round. |
| Nextalia Capitale Rilancio | Lead Investor | Company | Nextalia Capitale Rilancio led the capital increase round, investing alongside others in Ca Zampa. |
| Finprog Italia | Investor | Company | Finprog Italia, part of the Doris family office, participated as an investor in Ca Zampa. |
| MC&Partners | Investor | Company | MC&Partners is an investor that took part in the Ca Zampa capital increase. |
| Innisboffin | Investor | Company | Innisboffin, linked to the Achermann family, also invested in Ca Zampa, gaining a minority stake. |
| Vitale | Financial Advisor | Company | Vitale served as a financial advisor for the transaction with a dedicated team. |