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EQT brings in Nestlé as minority investor to IVC Group

EQT is to bring in Nestlé through a minority stake in IVC Group (IVC) to support continued growth in the Company’s next development phase. 

IVC also enters into a partnership agreement with Nestlé Purina PetCare EMENA. Through the partnership, IVC will be able to leverage the expertise of Nestlé Purina as a leading expert in pet health, pet nutrition and scientific innovation and gain access to Nestlé Purina’s unique product offering to support its leading-edge veterinary care.

For Nestlé Purina, this partnership will strengthen its collaboration with scientists, veterinarians and pet care professionals as key partners to help deliver advanced pet food solutions and first-class pet care services. Deeper knowledge of pets´ and pet owners’ needs will enhance Nestlé Purina’s ability to develop innovative products and solutions tailored to meet the specific needs of cats and dogs. IVC will continue to operate as an independent business.

Headquartered in Bristol, UK, IVC is a leading veterinary services provider with a network of more than 1,100 clinics and hospitals and approximately 16,000 employees across Europe. Founded in 2011, IVC operates a decentralised model promoting innovation and clinical freedom balanced with integrated support functions such as procurement, veterinary advisors and clinical boards.

IVC was acquired by EQT in December 2016, and in May 2017 the Company was merged with Evidensia, a Swedish veterinary group (also owned by EQT), which at the time operated a network of 180 clinics and hospitals across the Nordics and Central Europe. Since then, IVC has transformed into the leading European veterinary services provider through accelerated organic growth and a large number of strategic add-on acquisitions. 

Per Franzén, Partner and Co-Head of EQT Private Equity, says: “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.”

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