National Veterinary Care completes sale to Vet Partners

20.4.2020

Amid all the market turmoil and uncertainty, with many M&A transactions being placed on hold, ASX-listed National Veterinary Care Ltd (NVC) has announced that the scheme of arrangement between NVC and its shareholders (that was approved by NVC shareholders and by the Supreme Court of Queensland) was implemented on April 8^th 2020.

Accordingly, VetPartners now holds all the shares on issue in NVC, and the scheme consideration of $3.70 cash per NVC share was paid to each shareholder.

The Scheme Consideration implied a fully diluted market capitalisation for NVC of approximately $251.5m and an enterprise valuation of approximately $325.5m and represented a 59.5% premium to the 1-month VWAP of $2.32.

InterFinancial would like to congratulate both National Veterinary Care and VetPartners and all others involved in completing the transaction.

InterFinancial was lead financial adviser to National Veterinary Care in the transaction.

29.5.2026

Tick tock – Why private business owners with less than 4 year exit horizons should reassess timing now

There was plenty of market chatter prior to the budget speech this year. Investors and asset owners were nervous. We had a client pushing for a deal to be signed before Budget Day. We managed to get this done, just in time. Several others in the business ecosystem spent the Mother’s Day weekend scrambling to […]

29.5.2026

Sector dashboards May 2026

Our monthly sector dashboards are out! Our dashboards look at the valuation multiples across seven key sectors, each made up of a number of subsectors. The data takes into account the sale prices of similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the […]

28.5.2026

InterFinancial advises Commit Works on sale to Datamine

Commit Works is a Brisbane-based software company serving the mining and metals industry. Its CiteOps platform digitises shift-level planning, resource allocation, task coordination and production tracking, connecting the short-term plan to what actually happens on shift across underground coal, open cut, underground hardrock and smelter operations globally. Datamine is the world’s leading provider of technology […]

29.4.2026

Sector dashboards April 2026

29.4.2026

From technical capability to economic inevitability: Why Clean Energy companies fail to scale?

Working with organisations attempting to commercialise clean energy technologies, I have observed a pattern persistent enough to warrant explicit articulation. Across hydrogen, electrification, storage, biogas, low-carbon fuels, and industrial heat, companies with credible technology, capable teams, and supportive boards still fail to compound enterprise value. Not because the technology disappoints, and not because the market […]

31.3.2026

Sector dashboards March 2026

31.3.2026

Not every healthcare deal is a sale: rethinking what M&A can look like

When healthcare business owners come to us thinking about a transaction, the conversation almost always starts in the same place. What is the business worth, and what does a sale process look like? Those are the right questions. But they’re not always the only ones that matter. Embedded in both is an assumption; that the […]

27.2.2026

Sector dashboards February 2026

27.2.2026

On the floor at EvokeAg 2026: Luke Harwood’s reflections on Australian Agtech

EvokeAg 2026 drew over 1,500 delegates from 18 countries to Melbourne in February, with the Federal Government committing another $450,000 to support the event over the next three years. The visible momentum is real, and the cohort of companies I spent two days meeting reflected it. Most were past proof-of-concept by a meaningful margin, with […]