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Cerea Partners

Cerea Partners

PARIS, France·Founded 2004··cerea-partners.com

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.

AUM
€1.5B
Funds
6
vintages 2010–2025
Portfolio
35
Exits
14

Cerea Partners is a PARIS buyout firm with €1.5B AUM, 35 active companies and 14 exits.

Key takeaways
  • ·6 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 14 realized deals: 5 years.
  • ·Top sector focus: Consumer (29% of portfolio).
  • ·Fund cadence: ~3Y between vintages · last raise 2025.

Sector breakdown

49 companies
Consumer
14 · 29%
Industrials
11 · 22%
Agriculture
8 · 16%
Hospitality
7 · 14%
Healthcare
3 · 6%
Business Services
3 · 6%
FoodTech
1 · 2%
SaaS
1 · 2%

Geography breakdown

2 geographies
France
48 · 98%
Italy
1 · 2%

Key facts

HQPARIS, France
Founded2004

Recent exits

Axium Packaging

Cerea Partners sold Axium Packaging to SGT in 2025 after 5 years.

Monviso Group

Cerea Partners sold Monviso Group to Argos Wityu in 2025 after 7 years.

Krampouz

Cerea Partners sold Krampouz to Groupe SEB in 2024 after 7 years.

La Compagnie des Desserts

Cerea Partners sold La Compagnie des Desserts to PAI Partners in 2023 after 6 years.

Coverage notes

6 funds tracked, 49 portfolio companies (35 active · 14 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.

6 funds
Cerea Agro Dev Industrieraising
Growth2025€250M1 assets

Unrealized

1 held
CompanyEntry
Vincent Guerlais
Consumer · France
2025
Cerea Mezzanine IVinvesting
Buyout2023€300M11 assets

Unrealized

11 held
CompanyEntry
AB Process Ingenierie
Industrials · France
2023
Babcock Wanson
Industrials · France
2023
Burger King
Hospitality · France
2023
Groupe Obyo
Industrials · France
2025
Gruppo PEPPE
Hospitality · France
2026
Hafner
Agriculture · France
2023
Naturacare / Dietopack
Healthcare · France
2024
Nutrimuscle
Consumer · France
2024
Nutrisens
Healthcare · France
2023
Plantex
Agriculture · France
2024
ProNoïa
Hospitality · France
2025
Cerea Capital IIIinvesting
Buyout2022€300M15 assets1 exits

Unrealized

15 held
CompanyEntry
AB Process Engineering
Industrials · France
2024
Benco Chocolats
Consumer · France
2024
Big Mamma
Hospitality · France
2022
Boulangeries Sophie Lebreuilly
Hospitality · France
2025
Cerise et Potiron
FoodTech · 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
Consumer · France
2023
Polaris
SaaS · France
2023
Sophie Lebreuilly
Hospitality · France
2025
Wiio
Logistics · France
2025

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
BCF Life Sciences
Industrials · France
20122018SecondaryMBO Partenaires and management–
Cerea Capital IIdivesting
Buyout2015€250M8 assets6 exits

Unrealized

8 held
CompanyEntry
Acceres
Industrials · France
2018
Cérélia
Consumer · France
2015
Ecotone
Consumer · France
2018
Havea Group
Consumer · France
2017
Icko Apiculture
Agriculture · France
2017
Organic Alliance
Consumer · France
2017
Pagès Group
Industrials · France
2017
Sitour
Business Services · France
2017

Realized

6 exits
CompanyEntryExitTypeBuyerMOIC
Axium Packaging
Industrials · France
20202025Trade SaleSGT–
Biscuit International
Consumer · France
20162020SecondaryPlatinum Equity–
Krampouz
Consumer · France
20172024Trade SaleGroupe SEB–
La Compagnie des Desserts
Consumer · France
20172023SecondaryPAI Partners–
Monviso Group
Consumer · Italy
20182025SecondaryArgos Wityu–
Store Novation
Business Services · France
20172022MBOManagement & Indigo Capital–
Cerea Mezzanine IIRealized
Mezzanine20140 assets1 exits

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Omni-Pac Group
Industrials · France
20182021Trade SaleLatour Capital–
Cerea Capital Idivesting
Buyout2010€200M0 assets6 exits

Realized

6 exits
CompanyEntryExitTypeBuyerMOIC
Kersia
Agriculture · France
20102016Trade SaleIK Investment Partners–
La Croissanterie
Hospitality · France
20062017Trade SaleLe Duff Group–
Materne Industrie
Agriculture · France
20102016Trade SaleGroupe Bel–
Savena
Consumer · France
20102011SecondaryIK Investment Partners–
Solina
Agriculture · France
20112016SecondaryArdian–
Syclef
Business Services · France
20142018Trade SaleLatour Capital–

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.

Frequently asked questions

What investment strategy does Cerea Partners focus on?
Cerea Partners focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Cerea Partners have?
Cerea Partners has 35 active portfolio companies and 14 completed exits and 6 funds tracked on GP Intel.
Where is Cerea Partners headquartered?
Cerea Partners is headquartered in PARIS, France.
What is Cerea Partners's assets under management?
Cerea Partners manages approximately €1.5B in assets under management.
When was Cerea Partners founded?
Cerea Partners was founded in 2004.
What sectors does Cerea Partners invest in?
Cerea Partners invests across Consumer, Industrials, Healthcare.
What are Cerea Partners's recent exits?
Recent realized exits by Cerea Partners include: Axium Packaging (2025) to SGT; Monviso Group (2025) to Argos Wityu; Krampouz (2024) to Groupe SEB; La Compagnie des Desserts (2023) to PAI Partners; Store Novation (2022) to Management & Indigo Capital; Omni-Pac Group (2021) to Latour Capital; Biscuit International (2020) to Platinum Equity; BCF Life Sciences (2018) to MBO Partenaires and management.
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Last updated October 2026 · Sourced from public filings · Report an issue