Competition and Mkts - Merger Update: IVC/Various vet businesses

Ravalgaon Sugar Farm

03/03/2023 12:00

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RNS Number : 8631R  Competition and Markets Authority  03 March 2023

CMA to look at Independent Vetcare Limited's undertakings offer in detail

 

 

Completed acquisitions by Independent Vetcare Limited (IVC) of eight
independent veterinary businesses

 

On Friday 3 March 2023, the CMA announced that it is or may be the case that
each of the following mergers has resulted or may be expected to result in a
substantial lessening of competition within a market or markets in the United
Kingdom. Namely, IVC's acquisitions of:

·    Penrose Veterinary Group Limited;

·    Kevin Castle (Pet Care) Ltd;

·    Swayne & Partners Topco Limited (including Swayne & Partners
Ltd);

·    Treforest Vets (Holdings) Limited (including Treforest Veterinary
Clinic Ltd);

·    Mercer & Hughes Limited;

·    Swaffham Veterinary Centre Limited;

·    Anglesey Pet Clinic Ltd; and

·    Chiltern Equine Clinic (including Chiltern Veterinary Services
Limited & Chiltern Bury Farm Limited).

On Friday 24 February 2023, IVC offered undertakings to the CMA which involve
divesting each of the businesses listed above. The CMA has considered the
undertakings offered and today announced that it considers that there are
reasonable grounds for believing that the undertakings offered in relation to
each of the acquisitions under investigation, or a modified version of them,
might be accepted by the CMA to remedy the substantial lessenings of
competition identified by the CMA in these cases.

 

The CMA now has until 3 May 2023 to decide whether to accept the undertakings,
with the possibility to extend this timeframe to 30 June 2023 if it considers
there are special reasons for doing so.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practical.

 

In the event of media enquiries please email Press@cma.gov.uk
(mailto:Press@cma.gov.uk)

 

 

 

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