Mubadala Investment Company declared a GBP £350 million investment in IVC Evidensia, Europe's largest veterinary care center.

IVC Evidensia, headquartered in Bristol, UK, maintains a network of over 1,500 veterinary clinics and hospitals in 12 countries across Europe, providing care and support for over four million pets. Established in 2011, the firm has a decentralized strategy that encourages innovation and clinical flexibility inside its network, backed up by a variety of integrated services such as procurement, veterinary consultants, and clinical boards.

IVC Evidensia is generally regarded as a leader in setting new benchmarks for clinical quality and employee well-being in its industry. IVC was bought by EQT Private Equity in December 2016, and it partnered with Evidensia, a Swedish veterinary firm, in May 2017. Since then, the firm has solidified its place as Europe's top provider of veterinary services by strong organic growth and significant add-on investments.

Mubadala's Head of Consumer, Justin Sabet-Peyman, stated, "Our investment in IVC Evidensia is consistent with our strategy of investing in market-leading consumer firms in stable and expanding industries. We are thrilled to be working with the world-class management teams of EQT, Silver Lake, Nestlé, and IVC to help drive the company's continuing leadership and innovation in pet healthcare".

Mubadala's investment in IVC Evidensia adds to the company's growing global portfolio of world-class consumer firms, which also includes Reliance Retail Ventures Limited, Coupang, and Truck Hero. Mubadala invests in consumer firms managed by excellent management groups with high positions in attractive markets with powerful tailwinds.