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02/2021

IVC EVIDENSIA acquired by SILVER LAKE / NESTLE

UNITED KINGDOM Health Providers / Outpatient Care / Vet Clinics EV 3b - 100b GBP

Context

Silver Lake and Nestle led a EUR3.5 billion capital investment in IVC Evidensia, significantly increasing the group's valuation. The deal allowed EQT VII to partially exit its position, while EQT IX reinvested to remain the majority shareholder. The transaction served as a private alternative to a previously considered IPO. Silver Lake's entry is designed to accelerate the group's digital transformation, while Nestle's increased stake facilitates deep collaboration between veterinary clinical care and nutritional science. This "pet-tech" and "pet-health" convergence aims to create a data-driven ecosystem for pet owners, enhancing diagnostic accuracy and tailored health solutions across IVC's pan-European network.

IVC EVIDENSIA, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (14.3x).

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Target

IVC Evidensia is Europe s leading veterinary care provider and one of the world s largest animal healthcare networks, operating across more than 20 countries. The group functions through a decentralized operational model that preserves local clinical independence while providing the benefits of a large-scale international support infrastructure. Its network encompasses primary care practices, 24/7 emergency clinics, and advanced specialist referral centers. Beyond clinical medicine, the group integrates a holistic ecosystem of services, including veterinary telemedicine, specialized nutrition, and pharmaceutical distribution.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2021
2020

Other operations with IVC EVIDENSIA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2021IVC EVIDENSIAVETONEFRANCEVet Clinics

REFERENCES

Valuation range: EV 3b - 100b GBP

Revenue range: 1b - 3b GBP

EBITDA range: 450M - 900M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IVC EVIDENSIA by SILVER LAKE / NESTLE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: silver lake