Client Background
Veincentre was founded in 2003 by clinician Dr David West and his wife Deborah to offer non-invasive, non-surgical treatment for varicose veins called Endovenous Laser Ablation.
Rickitt Mitchell’s relationship with Veincentre began in 2018 when we were appointed by the founders to help them find an investor to enable them to partially exit the business and provide an injection of cash into the business to enable it to grow.
During 2019, Rickitt Mitchell helped create a national roll-out programme and supporting detailed model that the investment case was based upon. A highly competitive private equity investment process was conducted, resulting in a 30% uplift from original offers, creating significant value on day one for the founders, whilst partnering with a professional investment house to benefit from the significant upside from the growth to come.
