Mubadala invests $494m in Europe’s biggest veterinary care provider

Mubadala invests $494m in Europe’s biggest veterinary care provider

Mubadala Investment Company, Abu Dhabi's sovereign investment arm, invested £350 million ($494.81m) in IVC Evidensia, Europe's largest veterinary care provider, as it continues to expand its consumer-focused portfolio of investments.

Based in Bristol, UK, IVC Evidensia operates a network of more than 1,500 veterinary clinics and hospitals in 12 countries across Europe, caring for about four million pets. Founded in 2011, the company operates a decentralised model that promotes “innovation and clinical freedom within its network”, Mubadala said in a statement on Sunday.