Overview
BFKN’s Corporate & Securities Group served as legal counsel to L Catterton, the largest global consumer-focused private equity firm, in connection with its strategic investment in Sploot Veterinary Care ("Sploot"), an innovative, technology-driven, and comprehensive veterinary care platform providing an elevated experience to pets, pet parents, and veterinary professionals.
Sploot has transformed veterinary care by prioritizing a primary care and urgent care experience that is convenient, accessible, and centered around pet parents. With seven clinics in operation across Denver and Chicago, and another clinic set to open this month, the recent investment will facilitate Sploot's long-term growth and strategic goals. The funding will also empower the company to expedite the expansion of its unique approach, furthering its mission to enhance the lives of pets, pet parents, and veterinary professionals.
"With the number of pet owners continuing to grow nationwide, and more owners proactively prioritizing the health and wellness of their pets, Gil, Yoav, and the entire Sploot team's approach to pet care is redefining what today's veterinary care can – and should – look like," said Michael Farello, a Managing Partner of the Growth Fund at L Catterton. "We believe there are a number of exciting opportunities ahead to expand the company's footprint in new and existing markets, while continuing to enhance Sploot's digitally enhanced solutions. We look forward to bringing our deep expertise in the veterinary care space to this partnership to support the Sploot team's long-term vision and continue to blaze the trail of veterinary excellence."
BFKN's legal team was led by partners Andrew R. Grossmann and Megan Ratia and associate Victoria Rusanova Cordiak.
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