Novavet
Founded in 2021, Novavet brings together independent veterinary clinics across France. The platform acquires majority stakes in local veterinary practices, while allowing existing medical teams to continue operating independently and caring for their patients.
Build a leading veterinary care group in France by bringing together independent clinics under a long-term, partnership-based model that preserves medical autonomy while enabling operational excellence.
Provide independent veterinary clinics with the tools, resources, and long-term support they need to grow in a fragmented sector.
Key Figures
Why we invested
Veterinary services represent a large, resilient and highly fragmented market in France, with over €4 billion in annual revenue and fewer than 10% of clinics currently part of a group. Despite strong demand and recurring revenues, the sector remains one of the least consolidated in healthcare, offering attractive acquisition opportunities at reasonable entry multiples. This limited consolidation, combined with a fragmented base of independent clinics, creates a compelling opportunity to build a leading national platform, as demonstrated by successful roll-up strategies in other healthcare verticals across Europe.
