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Announced

Completed

Silver Lake and Nestlé led a $4.2bn investment in IVC Evidensia.

Financials

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Transaction Value£3,070m
Consideration TypeCash
Capital Owned-
Capital Bid For28%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Minority

Private

Health Care Services

Acquisition

Private Equity

Friendly

veterinary services platform

Completed

Cross Border

Synopsis

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Silver Lake, a private equity firm, and Nestlé Purina, a manufacturer of pet food, treats, and litter for cats and dogs, led a $4.2bn investment in IVC Evidensia, a veterinary services provider. EQT will remain its largest shareholder. “This is a great expression of confidence in the company and our staff should be proud of what we have collectively achieved. We need to continue to do what we do best: caring for animals, people and the environment, and leading the way in bringing new standards of animal care and staff wellbeing to the sector globally. This additional investment will support us in continuing to deliver exceptional care to our 4 million pets and their owners across the 12 countries we already operate in," Stephen Clarke, IVC Evidensia CEO.

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