Nordic Capital partners with United Veterinary Care, acquiring Atlantic Street Capital’s shareholding in the fast-growing U.S. national group of primary, specialty and emergency veterinary practices | Nordic Capital

Nordic Capital partners with United Veterinary Care, acquiring Atlantic Street Capital’s shareholding in the fast-growing U.S. national group of primary, specialty and emergency veterinary practices

APRIL 23 2021

  • Nordic Capital invests behind UVC’s next stage of growth, supporting its mission to provide leading care quality through empowered, passionate & dedicated veterinary professionals
  • The partnership will provide UVC with resources to accelerate growth, offer best-in-class career opportunities for veterinary practitioners and further broaden its leading offerings for pets and the people who care for them

Nordic Capital[1], a leading global healthcare investor, today announced the agreement to invest in United Veterinary Care (“UVC”), a high-growth veterinarian-led group of primary, specialty and emergency care veterinary practices with a national presence in the United States. As part of the transaction, Nordic Capital will acquire the shareholdings controlled by Atlantic Street Capital and joins a broad base of UVC’s veterinary owner-practitioners as a major shareholder.

UVC was founded with the vision of improving the lives of all pets and pet parents. With this ambition, the company has grown rapidly, now encompassing more than 60 veterinary practices operating in 13 U.S. states. UVC currently employs more than 1,200 dedicated professionals, including more than 250 veterinarians, and cares for more than three hundred thousand pet patients annually.

Nordic Capital’s investment in UVC lies at the core of the firm’s healthcare investment strategy, which has in aggregate driven the deployment of more than $8bn of equity capital in helping healthcare companies grow since 1989. Nordic Capital was also the majority owner of the leading European veterinary chain Anicura from 2014 to 2018, helping the company grow fourfold during its partnership with Nordic Capital.

We have deep expertise in the veterinary services market and are truly excited to partner with UVC to set the standard for future veterinary care. UVC holds a unique market position based on its outstanding reputation for care quality, trusted customer relationships and strong growth potential. We are impressed by UVC’s dedicated team of professionals, culture and focus on clinical excellence, as well as its track record of organic and acquisitive growth,” said Thomas Vetander, Partner, Nordic Capital Advisors.

Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, has supported UVC’s strong acquisitive and organic growth since 2019.

We are proud to have partnered with management to build UVC into a leading veterinary practice group,” said Andy Wilkins, Co-Chief Executive Officer at Atlantic Street Capital. “The management team, led by Scott Crawford, DVM, has worked tirelessly to build the business while maintaining industry-leading standards of care. We are thrilled to see the company partner with Nordic Capital, who have followed the company closely and with whom we have discussed a potential transaction for more than a year. We wish UVC continued success.

Partnering with exceptional veterinary professionals and providing seamless support to enable practitioners’ focus on clinical work is at the core of UVC’s operating model. To achieve this, the company has built a strong support organization, including an industry-leading support centre in Florida. In addition, UVC is focused on offering veterinary professionals long-term clinical development opportunities and training, and a community of passionate and dedicated colleagues.

I would like to share my excitement about our new partnership with Nordic Capital,” said Scott Crawford, DVM, CEO of UVC. “Our new partners’ experience in supporting high quality veterinary care and other provider service organisations to achieve sustained growth will serve us well. I am particularly pleased with the strong cultural fit which made Nordic Capital our partner of choice.

The transaction is expected to be completed following receipt of customary regulatory approvals.

Kramer Levin Naftalis & Frankel LLP acted as the legal advisor, and Jefferies LLC as financial advisor to Atlantic Street Capital. Kirkland & Ellis LLP acted as the legal advisor to Nordic Capital.

Press contacts

United Veterinary Care

Scott Crawford, DVM
Chief Executive Officer
Tel: +1 561 623 5462

Nordic Capital Advisors
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50

Atlantic Street Capital
Chris Tofalli
Chris Tofalli Public Relations, LLC
Tel: +1 914 834 4334


About United Veterinary Care

United Veterinary Care is a leading veterinary chain based in Palm Beach Gardens, Florida, with more than 60 hospitals across 13 states in the United States. Founded with the initial group of 4 practices of Dr. Michael Tuder, Founder, the company now employs more than 1,200 professionals, including more than 250 veterinarians. UVC seeks to change the world to make it better for pets and the people who love them by providing an industry-leading quality of care. For further information about United Veterinary Care, please visit

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 17 billion in close to 120 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland and Norway. For further information about Nordic Capital, please visit

About Atlantic Street Capital

Atlantic Street Capital is a private equity firm that invests in lower middle market companies with between $4 million and $15 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-added strategic and operational initiatives. Atlantic Street Capital's approach are hands-on investors who work closely with management to unlock their business' underlying value and help them succeed. The firm is currently making investments in Atlantic Street Capital IV, LP. For more information, visit

[1] “Nordic Capital” refers to any, or all, Nordic Capital branded funds and vehicles and associated entities. The general partners of Nordic Capital’s funds and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”