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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
34
Exits
13

Key facts

HQPARIS, France
Founded2004

Recent exits

Axium Packaging
Axium Packaging
Industrials2025 · 5yr hold
Monviso Group
Monviso Group
Consumer2025 · 7yr hold
Krampouz
Krampouz
Consumer2024 · 7yr hold
La Compagnie des Desserts
La Compagnie des Desserts
Consumer2023 · 6yr hold

Coverage notes

6 funds tracked, 47 portfolio companies (34 active · 13 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

47 companies
Industrials
13 · 28%
Consumer
12 · 26%
Agriculture
10 · 21%
Hospitality
5 · 11%
Healthcare
4 · 9%
Business Services
2 · 4%
Logistics
1 · 2%

Funds & portfolio

Every fund Cerea Partners has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
Cerea Agro Dev IndustrieGrowthraising
2025 · 1yr€250M1 active

Unrealized

1 held
ConsumerFrance· Entry 2025
Cerea Mezzanine IVBuyoutinvesting
2023 · 3yr€300M10 active

Unrealized

10 held
IndustrialsFrance· Entry 2023
Burger King
Burger KingActive
HospitalityFrance· Entry 2023
Groupe Obyo
Groupe ObyoActive
IndustrialsFrance· Entry 2025
Gruppo PEPPE
Gruppo PEPPEActive
HospitalityFrance· Entry 2026
Hafner
HafnerActive
AgricultureFrance· Entry 2023
HealthcareFrance· Entry 2024
Nutrimuscle
NutrimuscleActive
HealthcareFrance· Entry 2024
Nutrisens
NutrisensActive
HealthcareFrance· Entry 2023
PlantexActive
AgricultureFrance· Entry 2024
ProNoïaActive
HospitalityFrance· Entry 2025
Cerea Capital IIIBuyoutinvesting
2022 · 4yr€300M15 active

Unrealized

15 held
IndustrialsFrance· Entry 2024
ConsumerFrance· Entry 2024
Big Mamma
Big MammaActive
HospitalityFrance· Entry 2022
ConsumerFrance· Entry 2025
ConsumerFrance· Entry 2023
Chocmod
ChocmodActive
ConsumerFrance· Entry 2022
HealthcareFrance· Entry 2022
AgricultureFrance· Entry 2024
AgricultureFrance· Entry 2024
L2PI
L2PIActive
IndustrialsFrance· Entry 2026
IndustrialsFrance· Entry 2020
Marbour
MarbourActive
IndustrialsFrance· Entry 2023
Polaris
PolarisActive
IndustrialsFrance· Entry 2023
ConsumerFrance· Entry 2025
Wiio
WiioActive
LogisticsFrance· Entry 2025
Cerea Capital IIBuyoutdivesting
2015 · 11yr€250M8 active · 6 realized

Unrealized

8 held
AcceresActive
IndustrialsFrance· Entry 2018
Cérélia
CéréliaActive
AgricultureFrance· Entry 2015
Ecotone
EcotoneActive
ConsumerFrance· Entry 2018
Havea Group
Havea GroupActive
ConsumerFrance· Entry 2017
AgricultureFrance· Entry 2017
ConsumerFrance· Entry 2017
Pagès Group
Pagès GroupActive
IndustrialsFrance· Entry 2017
SitourActive
Business ServicesFrance· Entry 2017

Realized

6 exits
Axium Packaging
Axium PackagingExited 2025
IndustrialsFrance· Entry 2020
Trade Saleto
AgricultureFrance· Entry 2016
Secondaryto
Krampouz
KrampouzExited 2024
ConsumerFrance· Entry 2017
Trade Saleto
ConsumerFrance· Entry 2017
Secondaryto
Monviso Group
Monviso GroupExited 2025
ConsumerItaly· Entry 2018
Secondaryto
Store Novation
Store NovationExited 2022
Business ServicesFrance· Entry 2017
MBOto
Cerea Mezzanine IIMezzanineRealized
2014 · 12yr0 active · 1 realized

Realized

1 exit
Omni-Pac GroupExited 2021
IndustrialsFrance· Entry 2018
Trade Saleto
Cerea Capital IBuyoutdivesting
2010 · 16yr€200M0 active · 6 realized

Realized

6 exits
KersiaExited 2016
IndustrialsFrance· Entry 2010
Trade Saleto
La CroissanterieExited 2017
HospitalityFrance· Entry 2006
Trade Saleto
Materne IndustrieExited 2016
AgricultureFrance· Entry 2010
Trade Saleto
SavenaExited 2011
AgricultureFrance· Entry 2010
Secondaryto
Solina
SolinaExited 2016
AgricultureFrance· Entry 2011
Secondaryto
SyclefExited 2018
IndustrialsFrance· Entry 2014
Trade Saleto
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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.

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Last updated August 2026 · Sourced from public filings · Report an issue