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Nestle completed the acquisition of a minority stake in Independent Vetcare Group from EQT.

Synopsis

Nestlé Purina PetCare, a pet food subsidiary of Nestle, completed the acquisition of a minority stake in Independent Vetcare Group, Europe’s largest veterinary services group, from private equity firm EQT Partners. Financial terms were not disclosed. Through the partnership, Nestlé Purina will strengthen its collaboration with scientists, veterinarians, and pet care professionals to help deliver advanced pet food solutions and first-class pet care services. “EQT is pleased to welcome Nestlé as a new blue-chip investor and partner to IVC. The new partnership constitutes a solid foundation for continuing IVC’s growth journey across the European markets,” Par Frazen, EQT Partner.

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