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  • September 2020
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Summit Partners: Independent Vetcare

By: Victoria Ivashina and Terrence Shu
  • Format:Print
  • | Language:English
  • | Pages:21
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Abstract

This case follows Summit Partners, a leading growth equity firm, as it evaluates an investment opportunity in IVC, a veterinary care group in the U.K. market. The case allows students to articulate and evaluate the investment thesis of this transaction. Additionally, it provides insight into the sourcing and due diligence process in the modern growth equity space, as well as details of the financial structure of the investment. In particular, the case provides students with an opportunity to recreate the valuation model, and understand the economics of the preferred equity. The case can be used as a platform to reflect on the value add of growth equity investors and what constitutes as a “propriety” investment in the mature growth equity industry.

Keywords

Growth Equity; Investment Evaluation; Private Equity; Investment; Decision Making; Valuation

Citation

Ivashina, Victoria, and Terrence Shu. "Summit Partners: Independent Vetcare." Harvard Business School Case 221-024, September 2020.
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About The Author

Victoria Ivashina

Finance
→More Publications

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More from the Authors
  • Apax Partners and Duck Creek Technologies By: Josh Lerner, Terrence Shu and Alys Ferragamo
  • Monetary Policy and Global Banking By: Falk Bräuning and Victoria Ivashina
  • Ver de Verdad: I Can See Clearly Now By: Nori Gerardo Lietz and Terrence Shu
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