8 January 2019

Hallmarq Veterinary Imaging Limited

August Equity has announced that it has funded the management buy-out of Hallmarq Veterinary Imaging, a global specialist in MRI scanning of horses and companion animals. 

LGB has supported the development of the company since 2007 when it acted as placing agent in an EIS equity fundraising.  Further equity investments by LGB’s clients followed in 2008 and 2011. LGB also arrange the exit of an early VCT investor through the transfer of its shares to a family office in 2014.  In 2009 LGB established a £3 million secured loan note programme that financed the placement of equine scanners at vet practices around the world.  This facility enabled Hallmarq to establish a recurring revenue business model, which is a key strength of the company today.   

August will support the international development of the business.  CEO Jos Belgrave explained “our next steps are to expand our presence in the US market and to focus further on the PetVet system to ensure that vets worldwide have access to the most effective diagnostic technology.”

The financial details of the transaction were not disclosed, but LGB’s investors were able to achieve an attractive multiple on their equity investments.

www.hallmarq.net

Recent Articles

8 January 2019

Hallmarq Veterinary Imaging Limited

August Equity has announced that it has funded the management buy-out of Hallmarq Veterinary Imaging, a global specialist in MRI scanning of horses and companion animals. 

Read more

Deals

7 January 2019

New Year Financial Resolutions

Happy New Year to all! A number of experts, including our own Simone Westerhuis, gave their new years financial resolutions to the Financial Times - what are yours?

 

Read more

News & Insights

17 December 2018

Among the men in dark suits, we need women to light the way on investing

Simone Westerhuis, Director of LGB Investments, wrote an article for the Sunday Times on why the time has come for women to run financial services.

 

Read more

News & Insights