Abu Dhabi: Mubadala Investment Company announced on Sunday that it has invested Â£ 350 million in IVC Evidensia, Europe’s largest veterinary care provider.
Headquartered in Bristol, UK, IVC Evidensia operates a network of over 1,500 veterinary clinics and hospitals in 12 countries across Europe, caring for over four million pets.
Founded in 2011, the company operates a decentralized model that fosters innovation and clinical freedom within its network, supported by a range of integrated services such as purchasing, veterinary advisors and clinical advice.
IVC Evidensia is widely recognized for its pioneering new standards for both clinical excellence and staff well-being in its industry. IVC was initially acquired by EQT Private Equity in December 2016 and in May 2017 it merged with Evidensia, the Swedish veterinary group. Since then, the company has further strengthened its position as the leading provider of veterinary services in Europe through strong organic growth and strategic complementary acquisitions.
âOur investment in IVC Evidensia fits well with our objective of investing in market-leading consumer companies in resilient and growing sectors. We are delighted to partner with EQT, Silver Lake, NestlÃ© and IVC’s world-class leadership team to help drive the company’s continued leadership and innovation in pet care, â said Justin Sabet-Peyman, consumer manager at Mubadala.
Mubadala’s investment in IVC Evidensia joins its growing global portfolio of consumer businesses, including Reliance Retail Ventures Limited, Coupang and Truck Hero. In the consumer sector, Mubadala focuses on investing in companies led by strong management teams with leading positions in attractive markets with strong favorable winds.