LuxVet 24 Expands with IAM Petcare Growth Fund Investment
Deal News | Jul 07, 2025 | CEE Legal Matters
IAM Petcare Growth Fund, a Lithuanian capital fund managed by 1 Asset Management, has invested in LuxVet 24, a veterinary clinic platform operational in Poland and Romania. LuxVet 24 has been actively consolidating the Polish veterinary sector since 2022, becoming the largest platform in Poland, and has expanded into Romania in 2023 to enhance its regional presence. A&O Shearman, headquartered in Warsaw, acted as legal advisors for IAM Petcare, successfully guiding the investment. On the LuxVet 24 side, legal counsel was provided by the Rymarz Zdort Maruta team. Key professionals from both legal teams were involved in facilitating this investment, ensuring a smooth transition and planning for continued growth.
Sectors
- Private Equity
- Veterinary Services
- Legal Services
Geography
- Poland – LuxVet 24 has become the largest veterinary platform in Poland, marking significant investment and expansion in this region.
- Romania – LuxVet 24 has expanded into Romania as part of its regional expansion strategy.
- Lithuania – IAM Petcare Growth Fund is managed by a Lithuanian capital group, anchoring its operations in Lithuania.
Industry
- Private Equity – IAM Petcare Growth Fund's investment indicates private equity activity in the veterinary sector.
- Veterinary Services – LuxVet 24 is a veterinary clinic platform, demonstrating activity within the veterinary services industry.
- Legal Services – Involvement of legal firms like A&O Shearman and Rymarz Zdort Maruta highlight the legal advisory role in the investment transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LuxVet 24 | Target Company | Company | LuxVet 24 is a veterinary clinic platform expanding in Poland and Romania. |
| IAM Petcare Growth Fund | Investor | Company | IAM Petcare Growth Fund is a fund managed by 1 Asset Management, investing in LuxVet 24. |
| 1 Asset Management | Fund Manager | Company | 1 Asset Management manages the IAM Petcare Growth Fund. |
| A&O Shearman | Legal Advisor | Company | A&O Shearman provided legal advice for IAM Petcare Growth Fund in the investment. |
| Rymarz Zdort Maruta | Legal Advisor | Company | Rymarz Zdort Maruta advised LuxVet 24 legally. |
| Michal Matera | Partner at A&O Shearman | Person | Michal Matera led the A&O Shearman legal team for IAM Petcare. |
| Pawel Zdort | Managing Partner at Rymarz Zdort Maruta | Person | Pawel Zdort led the legal advisory for LuxVet 24. |