UAE - Mubasher: Mubadala Investment Company has invested GBP 350 million in the UK-based IVC Evidensia, Europe’s largest veterinary care provider.
Founded in 2011, Bristol-headquartered IVC Evidensia manages over 1,500 veterinary clinics and hospitals in 12 countries across Europe, alongside a decentralised model that fosters innovation and clinical freedom within its network, according to a press release on Sunday.
IVC was acquired by EQT Private Equity in December 2016 and merged with Evidensia, a Swedish veterinary group, in May 2017 to promote its position as Europe’s leading veterinary services provider.
IVC Evidensia joins Mubadala's global portfolio of consumer businesses across the world, including Reliance Retail Ventures Limited, Coupang, and Truck Hero.
The Head of Consumer at Mubadala, Justin Sabet-Peyman, said: "Our investment in IVC Evidensia aligns well with our focus on investing in market leading consumer businesses in resilient and growing sectors."
