Abu Dhabi wealth fund Mubadala invested $500 million in IVC Evidensia, one of Europe’s largest veterinary care providers.

IVC Evidensia joins the fund’s growing portfolio of consumer businesses, including Reliance Retail Ventures Ltd., Coupang Inc. and Truck Hero Inc., Mubadala said in a statement on Sunday. The pet care firm is headquartered in Bristol, UK and operates a network of more than 1,500 veterinary clinics and hospitals in 12 countries across Europe caring for over four million pets. IVC was originally acquired by EQT Private Equity in 2016 and later merged with Swedish veterinary group Evidensia.

Justin Sabet-Peyman, Head of Consumer at Mubadala, said, “Our investment in IVC Evidensia aligns well with our focus on investing in market-leading consumer businesses in resilient and growing sectors. We are excited to be partnering with EQT, Silver Lake, Nestlé, and IVC’s world-class management team to help drive the company’s continued leadership and innovation in pet care.”

Mubadala’s investment in IVC Evidensia joins its growing global portfolio of world-class consumer businesses, including Reliance Retail Ventures Limited, Coupang and Truck Hero. Within the consumer sector, Mubadala focuses on investing in businesses led by strong management teams with leading positions in attractive markets with strong tailwinds.

Mubadala has also invested in WhatsApp competitor, Telegram, earlier this year.