Argos Vétérinaire, a veterinary clinic network in France with 110 locations, has secured over €100 million (approximately US$117 million) in unitranche financing from Adams Street Partners. This funding will be used to refinance existing debt and enhance its clinic network through strategic acquisitions, with a goal of expanding to over 200 clinics in the coming years.
Renaud Dessertenne, a partner at G Square, expressed confidence in Argos Vétérinaire's growth potential, emphasizing their commitment as long-term investors in European healthcare. G Square has been involved with Argos since 2019, supporting its expansion efforts.
Founded in 2014, Argos Vétérinaire operates on a structured model that clusters veterinary clinics in major French cities. This strategy allows clinics to share resources and expertise while fostering strong community ties.
Since G Square became the majority shareholder, Argos has significantly grown its network under the leadership of co-founders Dr. Emeric Lemarignier, CEO Guillaume Vicaire, and CFO Thomas Richer. James Charalambides from Adams Street Partners highlighted their enthusiasm for supporting a team that prioritizes care, people, and sustainability.
Natixis Partners served as the debt advisor for this financing round.
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