IVC Evidensia reported to be planning £10bn London float
IVC Evidensia is one of Europe's largest veterinary care providers.
IVC Evidensia is set to launch a London float valued up to £10bn, according to media reports.
The float, expected to be unveiled in March, could reportedly see the Nestle-backed veterinary group enter the FTSE-100 index. According to Sky News, IVC has appointed Goldman Sachs and Jeffries to work on the listing.
EQT, the Stockholm-based private equity firm which backs IVC, is also said to be assessing other options, such as a trade sale of the business or the private sale of a further stake to an external investor.
IVC Evidensia is one of Europe's largest veterinary care providers, with a network of clinics, hospitals and out-of-hours centres spanning 11 countries. The group was formed in 2017 when Independent Vet Care merged with Evidensia, a Swedish-based firm also owned by EQT.
IVC Evidensia entered into a partnership with Nestlé Purina PetCare in 2019. It currently has more than 19,000 employees.
IVC Evidensia has been contacted for comment.
FIVP has shared a survey, inviting those working in independent practice to share their views on the CMA's proposed remedies.
