Improve International receives investment from Levine Leichtman Capital Partners in partnership with management
Improve International (Improve), the world leader in veterinary postgraduate training and education, has secured investment from Levine Leichtman Capital Partners (LLCP) in partnership with its management team. LLCP acquired its stake in Improve from our client’s private equity firm, RJD Partners, and members of Improve’s management team.
Founded in 1998 by vets for vets, Improve is committed to elevating veterinary practice worldwide, giving veterinary professionals the confidence and skills to deliver compassionate animal care. Improve works with veterinary professionals globally to upskill them, while also providing content and training for ongoing Continuing Professional Development requirements. Improve leverages state-of-the-art training facilities with engaging digital content to deliver courses in 20 countries and in 9 different languages. Headquartered in Swindon, UK, Improve has more than 170 employees, with offices in Germany, Spain, Portugal, the United States and France.
Our Corporate and Private Equity team advised RJD and all shareholders of Improve on the sale to LLCP. The Capital Law team was led by Gareth Williams-Davies and supported by Mel Williams, Cath James, Nadira Islam, Nicole Crumbie and other specialists across the firm.
Other advisers on the sell-side included EY (lead advisory) and Gardner Leader (advising certain minority shareholders).
Richard Caston, Partner at RJD Partners said:
We are delighted to have completed another deal with Capital Law. Our thanks go to Gareth, Cath and the team who provided us with clear and pragmatic advice throughout the deal — they played a major role in ensuring that the transaction completed smoothly. The team at Capital are a pleasure to work with.
Gareth Williams-Davies, Capital Law’s Corporate and Private Equity Partner said:
It’s a real pleasure to have advised both RJD and Improve since acting on the RJD-backed management buy-out in 2020. Having been on the journey from acquisition to exit, I look forward to seeing the company embark on the next stage of growth and wish Improve and its management team all the best for the future.
