Houlihan Lokey Advises Unavets Group

Houlihan Lokey is pleased to announce that Unavets Group (the Group), a portfolio company of Oaktree Capital Management (Oaktree), has successfully completed a c.€116m debt package to refinance existing debt and also provide acquisition firepower for M&A and capex funding. Houlihan Lokey acted as the exclusive financing advisor to Unavets to arrange, structure, and negotiate the refinancing.

Founded in 2019, Unavets is a leading veterinary healthcare group with over 90 practices across Spain and Portugal. Unavets is made up of reference/specialised centres, 24-hour hospitals, primary opinion clinics, and vet offices, guaranteeing a complete service offering. Its growth strategy is focused on Iberia, with expansion to other European countries and within the United States. The Group is developing new lines of service and innovating digital platforms internally and for customer care. Unavets differentiates itself through its heavy investment in science-led practitioner and clinical team training and is continuing to push the envelope in favour of advanced veterinary care.

Oaktree is a leader among global investment managers specialising in alternative investments, with $163 billion in assets under management as of 30 September 2022. The firm emphasises an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. Oaktree has more than 1,050 employees and offices in 20 cities around the world.