Squire Patton Boggs has advised international animal health business Animalcare Group plc on its acquisition of a 25% equity stake in InVetro Pty Ltd, an Australian-based Companion Animal health company, with an option to increase its holding to 51% in 2029.
InVetro will utilise the funds to accelerate investment in scaling its commercial footprint, expanding its product portfolio and developing its new product pipeline, with an agreed pathway to increased ownership by Animalcare over time.
The strategic investment expands Animalcare’s presence in the growing Asia-Pacific veterinary market. It builds on the company’s acquisition of Randlab, which completed on 3 January 2025, also advised on by the firm.
The Squire Patton Boggs team advising on the transaction was led by Louisa Hine, Sarah Roper and James Newman.
Louisa Hine commented “It has been a pleasure to support the Animalcare team on this transaction. This is an exciting period for them as they expand their presence across the Asia Pacific region, and we wish them every success in their growth journey.”