APAC Digest: Ebos buys stake in MedAdvisor; J-Star acquires vet services firm Forpets

Source: Ebos Group

Diversified Australian healthcare firm EBOS Group has acquired a 14 per cent stake in Melbourne-based digital medication management company MedAdvisor for $9.5 million. Meanwhile, Japanese alternative asset manager J-Star through its portfolio company JVCC Ltd, has acquired 100 per cent veterinary services company Forpets.

Ebos buys stake in MedAdvisor

Diversified Australian healthcare firm EBOS Group has acquired a 14 per cent stake in Melbourne-based digital medication management company MedAdvisor for $9.5 million.

The investment is through a placement of approximately 165 million ordinary shares in MedAdvisor at $0.0575 per share.

Ebos has also purchased an additional 20 million shares in an off-market transaction.

“The investment will be used to extend MedAdvisor’s services to hospitals to help patients transition from hospital to home leveraging a new initial customer in HPS, to broaden the health services made available to pharmacies and their customers via MedAdvisor’s software, to increase the pace of international business development efforts in the UK and US and to extend those efforts to the Asia Pacific region, including New Zealand,” MedAdvisor said in a statement.

Ebos is listed on the New Zealand and Australian stock exchanges, and claims to have more than 3,000 employees in 52 locations across Australasia. It also does animal care.

The Ebos Group recorded its businesses generate a combined annual revenue exceeding NZ$7 billion, with 5.4 million orders coming from over 38,000 customers.

 

J-Star buys Japanese vet services firm Forpets

Japanese alternative asset manager J-Star through its portfolio company JVCC Ltd, has acquired 100 per cent veterinary services company Forpets.

The size of the deal was not disclosed.

Founded in 2008 by veterinarians Takanori Sato, and Ryuta Kondo, Forpets operates two veterinary clinics and one pet salon in Tokyo.

Both veterinarians continue to provide services as members of JVCC Group.

The deal was made as part of JVCC’s goal to create a vet clinic group which earns trust from pet owners while providing veterinarians friendly working environment.

Through a series of acquisitions, JVCC has 12 clinics and 10 pet salons.

“JVCC continues to seek opportunities to expand and to establish an institutionalized veterinary service provider,” the J-Star said in a statement.

Mori Hamada & Matsumoto served as the legal adviser on the transaction, while Eichi Financial Advisory Inc acted as financial and tax due-diligence professional.

Also Read:

Japan: J-STAR arm acquires vet clinic operator; JAFCO buys own shares from Nomura

Japan: J-Star exits investments in Primagest to Orix

Australia Digest: Pro-Pac, IPG enter $177m merger; State invests $10.6m in startups 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.