mynth
← DATABASE
08/2020Majority

Antin Infrastructure takes majority stake in Babilou Family

FRANCE Education / Education Providers EV €1–10bn

Context

Antin Infrastructure Partners entered the capital of Babilou Family through a purchase of shares from existing shareholders, becoming the new reference shareholder without triggering a capital increase or a full exit by any of the current investors. The Carle brothers, Raise, and TA Associates all retained their stakes. The founding brothers continue to co-chair the board and manage the company. The transaction is structured as a leadership transfer at the shareholder level, with Antin taking the position of largest shareholder from the Carle family while the latter remains actively involved in the business.

Babilou Family, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average observed in the Retail & Consumer sector (13.1x in 2020).

-> Deep-dive in Retail & Consumer market trends

Target

Babilou Family is the leading European operator of corporate and private nurseries, founded in 2003. The company's creation benefited from a pivotal regulatory shift in 2002, when the Caisse Nationale des Allocations Familiales (CNAF) opened its financial support mechanisms to the private sector, enabling families to access private nurseries at the same tariff as public ones. Babilou has grown into a major European childcare platform through organic development and acquisitions, including expansion into China.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

Above 20x

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
€250–500M
€50–100M
€10–30M
2018
€250–500M
€50–100M
€10–30M

Other operations with Antin Infrastructure

Other operations with Antin Infrastructure
DateAcquirerTargetCountrySector
10/2026ANTIN INFRASTRUCTUREHIGH PERFORMANCE HELICOPTERSUNITED STATESAir Freight
02/2026ANTIN INFRASTRUCTUREBELAMBRA CLUBSFRANCEHotels & Accommodation
01/2026ANTIN INFRASTRUCTUREEMSERENETHERLANDSCRO / Clinical Trials
10/2025ANTIN INFRASTRUCTURESWIFTAIR GROUPSPAINAir Freight
08/2023ANTIN INFRASTRUCTURECONSILIUM SAFETY GROUPSWEDENSafety & Security
06/2023ANTIN INFRASTRUCTUREOPDENERGYSPAINSolar / PV
12/2020ANTIN INFRASTRUCTUREHIPPOCRATES (LAF - LA FARMACIA)ITALYPharmacy
09/2020ANTIN INFRASTRUCTUREMIYA WATERSPAINWater
07/2019ANTIN INFRASTRUCTUREVICINITY ENERGYUNITED STATESDistrict Heating
05/2018ANTIN INFRASTRUCTUREIDEXFRANCEDistrict Heating

Similar deals in Education

Similar deals in Education
DateAcquirerTargetCountrySector
11/2020CHARTERHOUSENOVETUDE SANTEFRANCEEducation Providers
10/2020NAXICAP PARTNERSEUREKA EDUCATIONFRANCEEducation Providers
05/2020WHITE BRIDGE INVESTMENTSALPHA TESTITALYEdTech & Content
05/2020FLORACMEDIASCHOOLFRANCEEducation Providers
03/2020TETHYS INVEST / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD) / MONTAGU PRIVATE EQUITYGALILEO GLOBAL EDUCATIONFRANCEEducation Providers
01/2020IK PARTNERSGROUPE EDHFRANCEEducation Providers
01/2020AZULIS CAPITALTALIS EDUCATION GROUPFRANCEEducation Providers
07/2019HORIZON CAPITALJUNIPER EDUCATIONUNITED KINGDOMEdTech & Content
06/2019QUALIUM / BPIFRANCEEMLYONFRANCEEducation Providers
03/2019CINVENOMNES EDUCATION (EX INSEEC)FRANCEEducation Providers

REFERENCES

Valuation range: EV €1–10bn

Revenue range: €250–500M

EBITDA range: €50–100M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Babilou Family by Antin Infrastructure are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: babilou family

Acquirer: antin infrastructure

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Babilou Family, a French company specialised in Education Providers, by Antin Infrastructure in 2020.

How was the acquisition of Babilou Family by Antin Infrastructure valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Babilou Family’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Babilou Family generated annual revenue estimated in the €250–500M range and EBITDA in the €50–100M bracket (FY 2019). Detailed financial figures are available to members.

How does the valuation of Babilou Family compare to benchmarks in the Retail & Consumer sector?

With an estimated valuation multiple in the range of 15x - 25x, Babilou Family trades above the median sector multiple of 13.1x observed for the Retail & Consumer sector in 2020. The descriptive comparison is based on 15 transactions with available EV/EBITDA multiples from differences in size, growth, profitability that may affect comparability.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.