French distressed buyout-focused firm Perceva Capital is reportedly nearing a final close for its latest fund.
The news was reported by Private Equity International.
Perceva closed its most recent fund on €150m in January 2011 after securing commitments from more than a dozen institutional investors based in France, other European countries, the US and Asia.
The firm planned to have 12 portfolio companies in the fund, targeting businesses facing complex operational or financial challenges.
Last September Perceva bought flower and plant retailer Monceau Fleurs Group through a recapitalisation of its balance sheet.
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