VetPlanet Boosts Market Presence with Vetos-Farma Acquisition
Deal News | Dec 20, 2024 | CEE Legal Matters
VetPlanet, a company rooted in veterinary medicine and established in 2008, has expanded its market presence through the acquisition of Vetos-Farma. Schoenherr, a reputable law firm, advised VetPlanet on this strategic move, which marks an important milestone aimed at strengthening VetPlanet’s position in the veterinary industry and underpinning its growth in key markets. VetPlanet offers a range of pet products, from food to pharmaceuticals, and distributes its offerings in over 45 countries. The acquisition was facilitated by the Schoenherr legal team, including key personnel such as Partners Szymon Okon and Marcin Czaprowski, among others. Meanwhile, the sellers, the Okoniewski family, received advisory support from Ecovis.
Sectors
- Veterinary Products
- Legal Services
Geography
- International – VetPlanet distributes its products in over 45 countries, illustrating the global reach of its operations.
- Poland – The legal advisors involved, including Polish-based firm Schoenherr, suggest a primary geographical focus on Poland.
Industry
- Veterinary Products – This classification is relevant as both VetPlanet and Vetos-Farma operate within the veterinary products sector, providing food, pharmaceuticals, and medical supplies.
- Legal Services – The involvement of legal advisory firms Schoenherr and Ecovis indicates the relevance of the legal services industry in structuring and advising on this acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VetPlanet | Acquiring Company | Company | A pet product company founded in 2008 with a global distribution network and roots in veterinary medicine. |
| Vetos-Farma | Target Company | Company | The company acquired by VetPlanet as part of its expansion strategy. |
| Okoniewski Family | Selling Company | People | The previous owners of Vetos-Farma who facilitated its sale to VetPlanet. |
| Schoenherr | Legal Advisor to Acquirer | Company | A law firm that advised VetPlanet on its acquisition of Vetos-Farma. |
| Ecovis | Legal Advisor to Seller | Company | A firm that reportedly advised the Okoniewski family on the transaction. |