Ardian picks up minority stake in Mon Véto

• Ardian’s investment will consist of a €100m capital increase to accelerate its development in France and Europe
• Barings will also increase its exposure in several tranches, up to €400m
• Ardian is a private investment house based in Paris, France

Ardian has acquired a stake in Mon Véto, an independent group of general veterinary clinics in France.

Mon Véto is headquartered in Rouen. With over €180 million of turnover, the company now operates 231 clinics across all French regions and Belgium.

Ardian’s minority investment will consist of a €100 million capital increase to support and accelerate Mon Véto’s development in France and Europe, according to a release.

Barings, which has been financing Mon Véto’s debt for a year, will also increase its exposure in several tranches, up to €400 million, the release added.

“We are delighted to be contributing to Mon Véto’s development, to further strengthen its presence in France and become the leading player, as well as supporting the group in its international expansion,” said Arthur De Salins, director expansion, Ardian.

Prior to Ardian’s investment, Mon Véto was owned by 29 vets, led by its founders and directors, David Beciani, president, Nicolas Girard, chief medical officer and Eric Lejeau, chief operating officer.

Mon Veto’s veterinarian practitioners will continue to hold a significant majority stake following this capital increase, the release said.

Ardian is a private investment house, managing $150 billion of assets. The firm is based in Paris, France.