Croatia’s Vetty acquires Gancevic Veterina – deal advisor

Gancevic Veterina runs the veterinary clinic SplitVet in Split founded by Martina Gancevic.

“The synergy between Vetty Group’s leadership in the veterinary sector and Gancevic Veterina's expertise in animal health has opened doors to exciting new opportunities for innovation and growth,” BSG Advisory said on its Linkedin profile, without disclosing financial details of the deal that was closed in December.

Vetti is majority-owned by local Provectus Capital Partners’ fund. Last month Vetti announced a series of acquisitions and a 20 million euro ($21.7 million) investment plan.

Gancevic Veterina ended 2022 with a revenue of 342,722 euro, up from 250,733 euro in 2021. It reported a net profit of 15,347 euro in 2022, according to data by consultancy Finance Analytics - Dun & Bradstreet.

($ = 0.922 euro)