About

We invest in European lower mid-market companies with ambitious growth strategies.

Founded in 2009, Columna Capital is an entrepreneurial investment firm with offices in London, Lugano and Luxembourg. Led by four partners, the Columna team consists of an engaged group of professionals that actively support ambitious management teams and entrepreneurs to drive organic growth and execute on consolidation opportunities. Typically, we invest in profitable companies with revenue of €15-100 million. We are a long term partner and our success is based on our ability to identify unique opportunities with growth potential where we aim to at least double the size of the business over the investment period.

We invest in European lower mid-market companies with ambitious growth strategies.

Founded in 2009, Columna Capital is an entrepreneurial investment firm with offices in London, Lugano and Luxembourg. Led by four partners, the Columna team consists of an engaged group of professionals that actively support ambitious management teams and entrepreneurs. We are a long term partner and our success is based on our ability to identify unique opportunities with growth potential where we aim to at least double the size of the business over the investment period.

Focus On Growth

We focus on accelerating the growth of the companies we back through active support and provision of capital.

Concentrated

We are a high conviction investor in fewer companies allowing us to dedicate more time to management to actively support growth.

Flexibility

We aim to be flexible and provide relevant solutions to all stakeholders to unlock the potential of the underlying business.

Relationship Driven

We aim to build credibility and establish strong working relationships. Managers are often our best source of reference.

Origination

Our expanding network of relationships and open mind allow us to identify interesting opportunities where proper engagement makes all the difference.

Alignment

We are principals not agents and are fully aligned with all stakeholders through a meaningful co-investment in the companies we invest in.

Focus

Investment Focus

We are passionate about building great businesses and aim to partner with high quality management and entrepreneurs to deliver transformational growth. We are looking for the following key features:

  • €15-100 million revenue and trading profitably
  • Potential for expansion or consolidation in the domestic market or internationally
  • Differentiated market positioning with attractive product or service offering
  • Ambitious managers that believe in their business

Buy & Build

We only invest with an identified strategic growth plan and assist management to accelerate growth through:

Buy

Strategic acquisitions rapidly transform a company’s footprint. By consolidating verticals, adding new geographies, clients and/or expanding the service offering, businesses can rapidly scale and consolidate market share. Together with management, Columna has to date successfully completed over 60 add-on acquisitions in Europe, the US, Africa and APAC for its portfolio companies.

Build

We are close to our businesses and actively support organic growth. This can involve working with management on, among other things, corporate strategy and planning, assisting them in recruiting key talent, raising finance, winning new business, establishing financial reporting tools or evaluating important investment decisions in infrastructure & technology.

Sectors

Columna invests across sectors and has developed specific expertise in the following sectors:

Regions

Columna invests in continental Europe with a specific focus on attractive companies in the following target markets:

Austria

France

Italy

Spain

Switzerland

Map

Responsible investing

PRI - Principles for Responsible Investment

Columna’s core principles and investment approach underpin its commitment to responsible investment, and every member of the Columna team shares that commitment. Columna is a signatory to the United Nations Principles for Responsible Investment.

Columna recognises the importance of environmental, social and governance (ESG) considerations and the role they play in long-term sustainable value creation. Columna seeks to consistently and effectively identify and manage ESG matters both in its own operations and those of its portfolio companies.

Columna's approach to responsible investing begins with the team itself. Columna is committed to employing individuals who share its values of honesty, integrity and transparency. The Columna team is guided by the Columna Responsible Investment Policy.

Columna’s due diligence process seeks to identify ESG risks prior to investing in companies and, if required, manage improvements to ESG practice post acquisition. Columna will not recommend any investment opportunities which conflict with its ESG values.

Immediately after the acquisition of a portfolio company, the Columna partners take board positions and actively engage with portfolio company management to further understand, manage and improve ESG performance. Columna expects its portfolio companies to act in strict adherence with applicable laws and required industry standards.

Columna will not make investments related to the following sectors: adult entertainment, gambling, tobacco, alcohol, arms manufacturing, testing on live beings, unsustainable wildlife exploitation, oil and gas prospecting, subprime lending and the provision of retirement or sheltered housing for the elderly.

Portfolio

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Team

News

SantéVet, a specialist pet insurance business, has completed a transaction to renew its shareholder base. Following a sustained period of growth, during which SantéVet has strengthened its market leadership in France, achieved further innovation and improved its profitability, Serena Capital and Idinvest, who have been shareholders since 2011, have sold their interests in the Company to Columna Capital, a European growth investor with significant experience in the pet sector. The transaction has also seen management increase its equity interest in SantéVet. The transaction was completed without acquisition finance and foresees further equity funding to drive growth opportunities for the business.

France has one of the largest pet populations in Europe with approximately 20 million cats and dogs. SantéVet is an important partner for pet owners to provide preventive care and health insurance for pets. The strong growth of the pet insurance market is reflected in the consistent double-digit growth in the Company’s revenues over the last five years. As the undisputed market leader in France with written premiums of €35 million, SantéVet is also present in Spain and Belgium and foresees opportunities to enter into other European markets in the coming years. The Company, founded in 2003 by Jérôme Salord, focuses purely on providing health insurance to pets and also allows pet owners to spread the costs of preventive care with a number of clics on its website.

The sellers and management were advised by Jean-Denis Cornillot and Jacques-Henri Piot, partners at Acta Finance.

“We are very pleased with this transaction. It affords an attractive exit for our historic investors to whom we are grateful for their support. It also offers an attractive new investment opportunity for Columna Capital who are keen to expand their activities in the pet sector, and we are delighted to welcome Columna as new shareholders of SantéVet. The structure of the transaction allows us to increase our investment capacity in order to accelerate our future development” stated Jérôme Salord, CEO of SantéVet.

“With a strong market position and an excellent management team, SantéVet has the type of profile that we are looking for in our investments. We are very pleased to have the opportunity to support SantéVet in the next phase of its development” commented Rory Devlin and Vilmos Pongracz, the partners of Columna Capital that led the transaction.

“The past five years have been an exciting adventure alongside the management team of SantéVet, whose talent has established the Company as the profitable high growth market leader in France and led the expansion into Spain and Belgium. We are pleased to pass the baton to Columna Capital for the next phase of the Company’s development on a European scale. We wish the management team and the new investor every success with this exciting business.” Philippe Hayat, partner and founder of Serena Capital and François Lacoste, Partner of Idinvest added.

Contact

If you like what we do and are interested to work with us, please get in touch. We will respond.

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London

Columna Capital LLP
7 Cavendish Square
3rd Floor
London W1G 0PE

Columna Capital LLP
7 Cavendish Square, 3rd Floor, London W1G 0PE
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Switzerland

Columna Capital Switzerland SAGL
Via San Salvatore 10
6900 Lugano – Paradiso
Switzerland

Columna Capital Switzerland SAGL
Via San Salvatore 10, 6900 Lugano – Paradiso, Switzerland
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Luxembourg

Columna Capital Luxembourg S.à.r.l
2-8 Rue Julien Vesque
L-2668
Luxembourg

Columna Capital Luxembourg S.à.r.l
2-8 Rue Julien Vesque, L-2668, Luxembourg
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