US Ares Management supports growth strategy of Unavets in Spain and Portugal

Cuatrecasas has advised Unavets, the leading veterinary healthcare group majority-owned by US fund manager Oaktree, on raising €116 million financing from the US firm Ares Management.

This injection of capital will enable Unavets to refinance existing debt in the group and move forward with its growth strategy in the Iberian Peninsula, where it already has over 90 centers spread across Spain and Portugal. This financing will also allow it to acquire new veterinary hospitals and clinics in both countries, invest in complementary businesses with which to create synergies, and continue with its commitment to innovation in the veterinary industry.

The Cuatrecasas Spain team advising on the transaction was made up of the lawyers Miguel Cruz, Nuria Burillo and Irene Sanz (Finance); Mariano Ucar and Flavia Terrés (Corporate and M&A); and Javier Calle (Corporate Taxation). Participating from Cuatrecasas Portugal were Manuel Requicha Ferreira and Diana Avillez Caldeira (Corporate and M&A); and Gonçalo Bastos Lopes with João Pedro Russo (Finance).