Cerea Partners
Cerea Partners is a French private equity and private debt firm founded in 2004, specializing in investments in small and medium-sized companies within the food and beverage (agro-food) sector. It manages diversified financing solutions including buyouts, mezzanine, and senior debt, with over €1.5 billion in assets under management and nearly 200 investments since inception.
Key facts
Recent exits
Coverage notes
6 funds tracked, 44 portfolio companies (31 active · 13 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Cerea Partners has raised, with its portfolio companies. Hand-checked from public filings.
Cerea Agro Dev IndustrieGrowth2025 · 1yr€250M1 active
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Vincent Guerlais | Consumer | France | 2025 |
Cerea Mezzanine IVBuyout2023 · 3yr€300M9 active
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Babcock Wanson | Industrials | France | 2023 |
| Burger King | Consumer | France | 2023 |
| Groupe Obyo | Industrials | France | 2025 |
| Hafner | Agriculture | France | 2023 |
| Naturacare / Dietopack | Healthcare | France | 2024 |
| Nutrimuscle | Healthcare | France | 2024 |
| Nutrisens | Healthcare | France | 2023 |
| PLANTEX | Agriculture | France | 2024 |
| ProNoïa | Consumer | France | 2025 |
Cerea Capital IIIBuyout2022 · 4yr€300M15 active
Unrealized
15 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AB Process Engineering | Industrials | France | 2024 |
| Benco Chocolats | Consumer | France | 2024 |
| Big Mamma | Consumer | France | 2022 |
| Boulangeries Sophie Lebreuilly | Consumer | France | 2025 |
| Cerise et Potiron | Consumer | France | 2023 |
| Chocmod | Consumer | France | 2022 |
| Groupe Ethique et Sante | Healthcare | France | 2022 |
| Groupe Isnard | Agriculture | France | 2024 |
| Groupe MG2MIX | Agriculture | France | 2024 |
| L2PI | Industrials | France | 2026 |
| Labelys Group | Industrials | France | 2020 |
| Marbour | Industrials | France | 2023 |
| Polaris | Industrials | France | 2023 |
| Sophie Lebreuilly | Consumer | France | 2025 |
| Wiio | Industrials | France | 2025 |
Cerea Capital IIBuyout2015 · 11yr€250M6 active · 6 realized
Unrealized
6 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Acceres | Industrials | France | 2018 |
| Cérélia | Agriculture | France | 2015 |
| Ecotone | Consumer | France | 2018 |
| Havea Group | Consumer | France | 2017 |
| Icko Apiculture | Agriculture | France | 2017 |
| Pagès Group | Industrials | France | 2017 |
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Axium Packaging | Industrials | France | 2017 | 2024 | Trade Sale | – | |
| Biscuit International | Agriculture | France | 2016 | 2020 | Secondary | – | |
| Krampouz | Consumer | France | 2017 | 2024 | Trade Sale | – | |
| La Compagnie des Desserts | Consumer | France | 2017 | 2023 | Secondary | – | |
| Monviso Group | Consumer | Italy | 2018 | 2025 | Secondary | – | |
| Store Novation | Business Services | France | 2017 | 2022 | MBO | – |
Cerea Mezzanine IIMezzanine2014 · 12yr0 active · 1 realized
Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Omni-Pac Group | Industrials | France | 2018 | 2021 | Trade Sale | – |
Cerea Capital IBuyout2010 · 16yr€200M0 active · 6 realized
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Kersia | Industrials | France | 2010 | 2016 | Trade Sale | – | |
| La Croissanterie | Consumer | France | 2006 | 2017 | Trade Sale | – | |
| MATERNE INDUSTRIE | Agriculture | France | 2010 | 2016 | Trade Sale | – | |
| Savena | Agriculture | France | 2010 | 2011 | Secondary | – | |
| Solina | Agriculture | France | 2011 | 2016 | Secondary | – | |
| SYCLEF | Industrials | France | 2014 | 2018 | Trade Sale | – | – |
Saved GPs appear in your watchlist, one click from your workspace.
About Cerea Partners
Cerea Partners is a French private equity and private debt firm with €1.5 billion of assets under management as of December 2024, founded in 2004 and headquartered in Paris. The firm specialises exclusively in the food and beverage (agro-food) sector, providing diversified financing solutions including buyout equity, mezzanine debt and growth capital across European food and beverage SMEs and mid-cap companies, with deep sector-specific operational expertise across the value chain.
Investment thesis
Cerea targets European food and beverage companies, deploying capital across buyout equity (majority and significant minority positions in profitable food businesses), private debt (mezzanine and senior debt for sponsor-backed and non-sponsor-backed food companies) and growth equity for scaling food brands. Sector focus spans Industrials (food production and processing), Consumer (food brands), Agriculture and Healthcare (food-as-medicine and functional food). Equity ticket sizes vary by strategy from debt-focused positions through to mid-cap buyout equity.
Recent activity
Recent realised exits include Monviso Group (consumer, 2025), Axium Packaging (industrials, 2024), Krampouz (consumer, 2024) and La Compagnie des Desserts (consumer, 2023), reflecting active distribution across the food brand and packaging verticals. The platform tracks 5 funds, 27 active portfolio companies and 12 realised exits across the dedicated food and beverage programme. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.