A team of veteran turnaround executives has launched Perceva Capital, a French investment company specialised in supporting companies facing complex operational and financial challenges.
Jean-Louis Grevet, the former head of Bankers Trust special situations department in France, Xavier Lépine, a mezzanine specialist, Franck Kelif, a turnaround buyout specialist, and Emmanuel Gaveau, an accountant, aim to provide “long-term financial solutions” for “weakened companies”.
Perceva Capital’s business is based on the establishment of close partnerships with companies, founded on trust, the ability to listen and long term commitment, the firm said.
Jean-Louis Grevet said: “Any complex situation requires quick and tailor-made answers… Perceva Capital can react quickly and take decisions locally to back companies with sales ranging from €20 million to €500 million”.
Grevet, with 20 years experience, was most recently a partner at Butler Capital Partners, a French turnaround firm. Before Butler Capital, Grevet was at Bankers Trust.
Kelif is also leaving Butler Capital Partners. Before Butler he worked for Regent Associates and ABN AMRO Corporate Finance. He has been involved in numerous restructuring transactions for various companies as well as a number of complex financings.
Lépine has 15 years of experience in financing complex situations, both in Europe and in the US. He previously worked with Park Square Capital and Citadel in London, after four years spent with mezzanine fund MezzVest and six years in investment banking with Bankers Trust and Deutsche Bank.
Gaveau joined Perceva Capital from Abrium, a former subsidiary of protective clothing company Bacou-Dalloz, where he was chief financial officer. He began his career in 1999 with Ernst & Young as an auditor and chartered accountant and worked on multiple assignments in various industries.