Background

  • Improve International (Improve) is a leader in veterinary postgraduate training and education, working with veterinary professionals globally to upskill them while also providing training for ongoing Continuing Professional Development (CPD) requirements
  • Based in the UK, Improve has offices across six countries, delivering courses in 20 countries and in nine different languages
  • Founded in 1984, Levine Leichtman Capital Partners (LLCP) is an established middle market private equity firm with four decades of US and European structured private equity investing

Process

  • DC Advisory was engaged by LLCP to advise on the financing strategy and debt raise to support their acquisition of Improve
  • DC Advisory ran a tailored process, leveraging its senior relationships to engage financing partners to secure optimal financing terms
  • DC Advisory advised on all material lender interactions and process strategy while providing close support in the preparation and negotiation of transaction documentation

Outcome

  • In August 2024, DC Advisory delivered a competitive financing package for LLCP to support the acquisition of Improve
  • This transaction further demonstrates DC Advisory’s expertise and capabilities within the capital advisory space

“We are proud to have worked with LLCP and Improve International on raising the debt financing to support the acquisition. The new debt package will support the company through this next stage of growth. The transaction demonstrates the continued strength of DC Advisory’s market leading Debt Advisory group”

Ciara O’Neill
Managing Director, DC Advisory

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