IVC Evidensia to get €3.5B capital infusion from EQT, Silver Lake, Nestlé

European veterinary care provider Independent Vetcare Ltd., or IVC Evidensia, is poised to receive €3.5 billion in total investments from EQT AB (publ), Silver Lake Management LLC and food and beverage giant Nestlé SA.

EQT Private Equity is providing substantial investment through its EQT IX fund. The fund will partially exit its stake in IVC, but will remain its largest shareholder.

Technology investor Silver Lake is acquiring a minority stake in IVC, while Nestlé is boosting its minority interest in the business.

The Bristol, U.K-based company, which operates a network of more than 1,500 clinics and hospitals across Europe, will remain an independent business.

The deal is scheduled to close in the second quarter, subject to regulatory approval.

Goldman Sachs and Jefferies were the sell-side financial advisers. J.P. Morgan and Numis were financial advisers to Silver Lake.