Financing secured by PartnerVet Group from ACP Credit for growth in Romania's market
PartnerVet Secures Financing for National Expansion with ACP Credit
PartnerVet, a leading provider of veterinary services in Romania, has announced a strategic partnership with ACP Credit, a direct lending fund focused on the Central and Eastern European (CEE) region. This partnership is set to significantly accelerate PartnerVet's expansion plans.
The financing round, confirmed by PartnerVet's CEO, Ioan Masca, will be used to expand the PartnerVet Group at a national level. This comes after a series of acquisitions, including the purchase of the Constanta clinic Animal Care Center (ACC) in April, the vet dentistry clinic Qincyvet in June, the veterinary hospital Supervet last month, and the group The Vets consisting of a hospital and four clinics in May.
Masca stated that the partnership will not only accelerate PartnerVet's expansion but also enable the implementation of innovative solutions that improve the quality of veterinary care. He further emphasised that this partnership confirms PartnerVet's strategy of consolidating and expanding at a national level.
Ferenc Korponay, the chairman of the Board of Directors of PartnerVet, also expressed his excitement about the partnership. He reiterated PartnerVet's commitment to investing in medical personnel and infrastructure, ensuring the delivery of top-notch veterinary services.
Currently, PartnerVet operates two hospitals and 14 veterinary clinics in seven major cities in Romania, supported by a team of over 150 professionals in various areas of veterinary medicine. The services offered by PartnerVet range from consultations and internal medicine to preventive medicine, investigations, and interventions in general surgery, oncology, orthopedics, neurology, cardiology, dentistry, endoscopy, and hemodialysis.
ACP Group, formerly known as Mezzanine Management, operates in Central and Eastern Europe through its offices in Bucharest, Budapest, Prague, Vienna, and Warsaw. This partnership marks a significant step in PartnerVet's growth journey, positioning the company for continued success in the veterinary services sector in Romania.
Despite the search results not providing the name of the founder or CEO of ACP Credit who participated in the financing round with PartnerVet, the partnership is set to bring about exciting changes for the pet care industry in Romania.
