Perceva Capital buys French flower seller Monceau Fleurs


French turnaround investor Perceva has acquired flower and plant retailer Monceau Fleurs Group, through a “comprehensive recapitalisation” of the company’s balance sheet.

The recapitalisation brought about a “drastic improvement” in the group’s balance sheet, the firm said, allowing it to enjoy a healthy financial situation once again as well as the flexibility to pursue its development strategy.

These operations have strengthened the group’s capital by €26m, taking its consolidated equity capital up to around €20m after current-year losses, for a net debt level of close to € 13m which is down by two-thirds.

This investment fits well with Perceva’s strategy, the firm said, and follows other acquisitions in the consumer and retail space, including Parisian pastry company Dalloyau, wood burning stove maker Supra, and motorcycle helmet company Shark.

he firm raised raised €150m for its most recent investment fund in January 2011.

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