Publications
Publications
- September 2020
- HBS Case Collection
Summit Partners: Independent Vetcare
By: Victoria Ivashina and Terrence Shu
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
Citation
Ivashina, Victoria, and Terrence Shu. "Summit Partners: Independent Vetcare." Harvard Business School Case 221-024, September 2020.