IVC raises €3.5B from backers including Silver Lake, Nestlé
February 11, 2021
IVC Evidensia, a UK veterinary care group backed by EQT, has raised €3.5 billion from Silver Lake and existing backers in a deal the values the company at around €12.3 billion. EQT, which is taking part in the round, bought the business in 2016 via its EQT VII fund. In 2017, it merged the company with Swedish peer Evidensia, which EQT bought in 2014. Nestlé picked up a minority stake in IVC in 2019 and is also reinvesting.