Shearman & Sterling advised CVC Credit on the financing for Altano Group, a leading network of equine veterinary clinics and practices across Europe. CVC Credit will support the continuing growth strategy of the business through its European Direct Lending Strategy, which focuses on lending to established European medium and large companies with proven business models.
Headquartered in Germany, Altano is the leading consolidator and operator of equine veterinary clinics services with over 350 vets based across 40 locations in six European countries, including Germany, France, Netherlands, Belgium, Sweden, and Denmark. The company provides a wide range of diagnostic and therapeutic services to more than 100,000 customers per year, including routine services, internal medicines and orthopaedics.
CVC Credit is the credit management business of CVC. CVC Credit is a global credit asset manager with offices in the U.S. and Europe, more than 60 investment professionals and over €26 billion assets under management.