Perceva

The partnership is led by Jean-Louis Grevet and Xavier Lépine, supported by Franck Kelif and Emmanuel Gaveau. The team operates with full independence in selecting and monitoring investments, drawing on Grevet's two-decade restructuring career — including leading Bankers Trust's French distressed-finance business — and Lépine's European and US financing background.

Perceva sources through its partners' deep ties within the French industrial, banking, and restructuring ecosystems. Grevet and Kelif both worked at Butler Capital Partners prior to co-founding Perceva, and Lépine spent time at ParkSquare and MezzVest, giving the firm a network that spans corporate carve-outs, family-held companies in distress, and complex public-to-private opportunities.

No. The firm does not market discrete fund vintages or fixed investment periods. It deploys capital it describes as patient and unconstrained by time, meaning it can hold investments for as long as a turnaround requires. This permanent-capital model separates it from traditional blind-pool buyout funds.

The firm emphasizes its independence and direct, hands-on approach to portfolio companies. While it has not publicly disclosed active co-investment programs, its partners' histories — such as Grevet's work with Rémy-Cointreau and Lépine's financing of Gardena — often involved syndicated situations. Co-investment appetite should be confirmed directly with the partnership.

Perceva does not publish an avoidance list. Its disclosed track record concentrates on mid-market industrial, consumer, and business-services companies in France that encounter operational or financial distress. The firm appears to avoid startups and early-stage growth companies that fall outside the turnaround mandate.