Mubadala invests $497 million in major European veterinary care provider
Abu Dhabi wealth fund Mubadala invested £350 million ($497 million) in IVC Evidensia.
IVC was originally acquired by EQT Private Equity in 2016 and later merged with Swedish veterinary group Evidensia.
With its headquarters in Bristol (UK), the company operates a network of more than 1,500 veterinary clinics and hospitals in 12 countries across Europe caring for over four million pets.
“We are excited to be partnering with EQT, Silver Lake, Nestlé and IVC’s world-class management team to help drive the company’s continued leadership and innovation in pet care,” said Justin Sabet-Peyman, Head of Consumer at Mubadala.