Perceva
French independent turnaround / special situations fund founded 2007 by Jean-Louis Grevet (ex-Butler Capital Partners). Provides equity, recapitalisation and operational support to French companies facing complex financial or operational situations. AFIC member.
Key facts
Recent exits
Coverage notes
2 funds tracked, 10 portfolio companies (5 active · 5 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Perceva has raised, with its portfolio companies. Hand-checked from public filings.
Perceva Capital IITurnaround2014 · 12yr€240M5 active · 3 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Adova Group | Industrials | France | 2016 |
| Adventiel | AgTech | France | 2025 |
| Albarelle | Education | France | 2019 |
| Emova Group | Consumer | France | 2020 |
| Keyor | Industrials | France | 2015 |
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Groupe Bourdoncle | Hospitality | France | 2017 | 2021 | Secondary | – | |
| Lacelier | Consumer | France | 2015 | 2024 | Liquidation | – | – |
| Océalliance | Consumer | France | 2017 | 2022 | Trade Sale | – |
Perceva Capital ITurnaround2011 · 15yr€150M0 active · 2 realized
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About Perceva
Perceva is a French independent turnaround and special situations private equity fund with €390 million of assets under management, founded in 2007 by Jean-Louis Grevet (ex-Butler Capital Partners) and headquartered in Paris. The firm provides equity, recapitalisation and operational support to French companies facing complex financial or operational situations, with the turnaround-specific mandate distinguishing Perceva from traditional buyout peers.
Investment thesis
Perceva targets French SMEs and mid-cap companies in special situations including operational turnarounds, financial restructurings, carve-outs from larger groups, and selectively distressed acquisitions. Equity ticket sizes typically range from €10 million to €40 million per transaction, with the turnaround mandate requiring active operational engagement alongside management team renewal and strategic repositioning. The platform's specialised expertise in complex situations distinguishes Perceva from generalist mid-cap peers.
Recent activity
Recent realised exits include Dalloyau (hospitality, 2024), Lacelier (consumer, 2024) and Océalliance (consumer, 2022), reflecting active distribution across the turnaround portfolio. The platform tracks 2 funds, 5 active portfolio companies and 5 realised exits across the multi-vintage turnaround programme. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
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France·€196.0BFrance·€52.8BFrance·€40.8BFrance·€33.0BFrance·€27.0BFrance·€11.6BFrance·€9.0BFrance·€6.7BFrance·€6.0BFrance·€5.1BFrance·€4.3BFrance·€4.0B