Latham & Watkins advised Silver Lake Partners on its substantial minority investment into IVC Evidensia group (IVC), the leading European veterinary care provider. As part of the transaction IVC’s largest shareholder, EQT Private Equity, is also making a substantial investment through its EQT IX fund; and Nestlé, an existing minority shareholder, is increasing its minority stake in the group. The aggregated new investment from the expanded partnership transaction totals €3.5 billion and values IVC at an enterprise value of approximately €12.3 billion.
As a leading global technology investment firm, Silver Lake’s new substantial minority investment in IVC will help further unlock growth from digital and technology opportunities.
The Latham deal team was led by London corporate partners David Walker and Farah O’Brien, with associates Suneel Basson-Bhatoa, Antonina Semyachkova, Hannah Berdal, and Angharad Simon. Advice was also provided on tax matters by London partner Sean Finn and associate Robert Thomas; financial regulatory matters by London partner Nicola Higgs with associate Katy Sanders; regulatory and compliance matters by a cross-border team consisting of London associates Frances Stocks Allen and Sara Patel, Paris and Brussels partner Eveline Van Keymeulen and associate Jeanne Fabre, and German partner Christoph Engeler and associate Jana Maue; on intellectual property, information technology and data protection matters by London partner Deborah Kirk and associate Liz Longster; on anti-corruption and sanctions matters by London partners Daniel Smith, Charles Claypoole and associate Mair Williams; and on employment matters by London partner Catherine Drinnan.