French distressed buy-out specialist Perceva Capital has raised €150m from over a dozen institutional investors in France, other European countries, the US and Asia.
Perceva says it will invest the funds in about 12 companies that are facing complex operational or financial challenges.
“Companies that have reached a turning point need fast and adapted answers. Our high flexibility and tailored solutions offer these companies real benefits,” said Jean-Louis Grevet, president of the Perceva.
The firm was created in 2007 and aims to acquire weakened small and medium sized companies in and manage their restructuring.
So far, Perceva has made two acquisitions, trailer producer Trailor ACTM International, and restaurant chain and food retailer Dalloyau, a company dating back to 1682.
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