Award-winning deal: Blacks advises on £13 million refinance for The Pet Vet
We are delighted to announce that the £13 million refinancing and development capital raise for The Pet Vet has been recognised as Deal of the Year (£10 million+) at the Dealmakers Awards.
The judging panel recognised the transaction as a complex refinancing for a business that has come through a challenging period and delivered an outstanding performance. The deal saw South Yorkshire veterinary group The Pet Vet secure new funding from HSBC UK to support its continued growth, including the opening of new surgeries across the region.
Supporting the transaction
Our Banking, Finance & Institutions team, led by Richard Morton and Talah Hussain, acted for the borrower, The Pet Vet, advising on all aspects of the transaction. From navigating the complexities of the refinance to helping structure the development capital raise, the team worked closely with the client to secure a platform for the business's next phase of growth and expansion.
A Collaborative achievement
This award reflects the strength of collaborative dealmaking and what experienced advisers can achieve by working together on complex, high value transactions.
Congratulations to our client, The Pet Vet, and everyone involved in delivering this award-winning deal, including Castle Square Corporate Finance, HSBC, UK and Parsons Accountants.
About our Banking, Finance & Institutions team
Our Banking, Finance & Institutions team advises on the full range of financing transactions. From refinancing and restructurings to acquisition finance and development capital raises, the team provides clear, pragmatic and commercially focused legal advice that helps clients achieve their business objectives.
The team regularly acts for borrowers and lenders on high-value and complex transactions, building long-term relationships with clients and their advisers. This award-winning deal for The Pet Vet is another example of the results the team delivers.
If you're considering a financing transaction or would like to find out how we can support your business, we'd be pleased to hear from you. Get in touch with our Banking, Finance & Institutions team to arrange an initial conversation here.