Mon Véto, the leading French veterinary group, team up with Ardian

Ardian announces its investment in Mon Véto, the leading independent group of veterinary clinics in France and the second largest player in the market. This minority investment will consist of a €100 million capital increase to support and accelerate the Group’s development in France and Europe.

Barings, which has been financing Mon Véto’s debt for a year, will also increase its exposure in several tranches, up to €500 million, while maintaining a healthy balance sheet structure.

Mon Véto now operates 268 clinics across all French regions and Belgium, and employs nearly 1,800 staff and vets.

LL Berg (Olivier Abergel, Gaëlle Quillivic, Leslie Batazzi, Nicolas Pegou and Emilie Cohen) advised the majority stakeholders.