French alternatives firm Ardian has provided a €255 million subordinated financing facility to support the recapitalisation of veterinary health company Ceva Santé Animale, it confirmed in a statement on Tuesday.
The financing supports the reshaping of Ceva's capital structure, which saw Singapore’s state investment firm Temasek, and China-based asset manager CDH Investments, invest in the business for the first time, while Sagard Private Equity and Euromezzanine reinvested in the business.
