What investment strategy does Perceva focus on?

Perceva focuses on Buyout strategies in the private equity space.

How many portfolio companies does Perceva have?

Perceva has 5 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.

Where is Perceva headquartered?

Perceva is headquartered in Paris, France.

What is Perceva's assets under management?

Perceva manages approximately €390M in assets under management.

What are Perceva's recent exits?

Recent realized exits by Perceva include: Keyor (2024) to Établissements Sogal (CMAI); Dalloyau (2024) to Potel & Chabot; Océalliance (2022) to Prosol; Groupe Bourdoncle (2021) to Weinberg Capital Partners; BPI Group (2021) to LHH France.

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Perceva

Paris, France·Founded 2007·

Buyout

·perceva.fr

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.

AUM

€390M

Funds

vintages 2011–2014

Portfolio

Exits

Perceva is a Paris buyout firm with €390M AUM, 5 active companies and 6 exits.

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 6 realized deals: 8 years.
·Top sector focus: Consumer (27% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2014.

Sector breakdown

11 companies

Consumer

3 · 27%

Education

2 · 18%

Hospitality

2 · 18%

Industrials

1 · 9%

AgTech

1 · 9%

Construction

1 · 9%

Business Services

1 · 9%

Key facts

HQParis, France

Founded2007

Websiteperceva.fr

Recent exits

Perceva sold Keyor to Établissements Sogal (CMAI) in 2024 after 9 years.

Perceva exited Lacelier in 2024 after 9 years.

Perceva sold Dalloyau to Potel & Chabot in 2024 after 14 years.

Perceva sold Océalliance to Prosol in 2022 after 5 years.

Coverage notes

2 funds tracked, 11 portfolio companies (5 active · 6 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.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Perceva Capital II

Turnaround2014€240M5 assets4 exits

Turnaround

2014 · 12yr

€240M

Unrealized

5 held

Company	Entry
Adova Group Industrials · France	2016
Adventiel AgTech · France	2025
Albarelle Education · France	2019
Cours de Civilisation Française de la Sorbonne (CCFS) Education · France	2026
Emova Group Consumer · France	2020

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
Groupe Bourdoncle Hospitality · France	2017	2021	Secondary	Weinberg Capital Partners	–
Keyor Construction · France	2015	2024	Trade Sale	Établissements Sogal (CMAI)	–
Lacelier Consumer · France	2015	2024	–	–	–
Océalliance Consumer · France	2017	2022	Trade Sale	Prosol	–

Perceva Capital IRealized

Turnaround2011€150M0 assets2 exits

Turnaround

2011 · 15yr

€150M

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
BPI Group Business Services · France	2013	2021	Trade Sale	LHH France	–
Dalloyau Hospitality · France	2010	2024	Trade Sale	Potel & Chabot	–

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.

Frequently asked questions

What investment strategy does Perceva focus on?: Perceva focuses on Buyout strategies in the private equity space.
How many portfolio companies does Perceva have?: Perceva has 5 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.
Where is Perceva headquartered?: Perceva is headquartered in Paris, France.
What is Perceva's assets under management?: Perceva manages approximately €390M in assets under management.
When was Perceva founded?: Perceva was founded in 2007.
What are Perceva's recent exits?: Recent realized exits by Perceva include: Keyor (2024) to Établissements Sogal (CMAI); Dalloyau (2024) to Potel & Chabot; Océalliance (2022) to Prosol; Groupe Bourdoncle (2021) to Weinberg Capital Partners; BPI Group (2021) to LHH France.