At what enterprise value was BELAMBRA CLUBS acquired in 2014?

During the acquisition of BELAMBRA CLUBS by CARAVELLE in 2014, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BELAMBRA CLUBS when it was acquired by CARAVELLE?

The estimated EV/EBITDA multiple for BELAMBRA CLUBS is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was BELAMBRA CLUBS acquired by CARAVELLE?

BELAMBRA CLUBS was acquired by CARAVELLE in 2014.

What was the revenue of BELAMBRA CLUBS at the time of the deal?

The revenue of BELAMBRA CLUBS at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BELAMBRA CLUBS during the acquisition?

BELAMBRA CLUBS's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BELAMBRA CLUBS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BELAMBRA CLUBS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/capital-developpement/caravelle-monte-a-bord-de-belambra-106296

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Home Database Retail & ConsumerBELAMBRA CLUBS

01/2014

BELAMBRA CLUBS acquired by CARAVELLE

FRANCE Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 100M - 350M EUR

Context

Caravelle acquired a 61% majority stake in Belambra from ACG Capital (formerly Acto/Ekkio). The transaction concluded a laborious two-year sale process during which several auctions failed to attract satisfactory bids from industrial players (Pierre & Vacances) or funds (Sagard, LBO France). Caravelle emerged as the sole bidder capable of taking over the asset in a difficult context. The Caisse des Depots (CDC) remained a strategic minority shareholder with 34%. The deal was executed at a price significantly lower than the seller's initial expectations, reflecting the need for an operational turnaround.

BELAMBRA CLUBS, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Belambra Clubs (formerly VVF Vacances) is a French company specializing in the management of high-end leisure infrastructure, with a portfolio of +40 integrated vacation villages located in protected tourist areas characterized by high regulatory and land-use barriers to entry. The company generates significant cash flows through the sale of all-inclusive stays, which combine accommodation, dining, and sports and entertainment facilities, catering to a loyal domestic clientele. Its operational model is based on the ownership and management of heavy physical assets, which require regular maintenance investments, as well as fine-tuned management of occupancy rates during peak seasons. Optimizing on-site personnel expenses is also a key aspect of its operations. With revenues of €254 million, the company is heavily reliant on its strategy of upgrading its accommodation facilities, dynamic pricing of its packages, and intermediated or direct booking contracts that secure occupancy rates for its fixed infrastructure before the sites open, enabling effective capacity planning and management. This approach allows the company to maintain a consistent and high-quality service offering while ensuring efficient resource allocation. It is the fourth largest player in France in this sector behind Club Med, Pierres et Vacances, Center Parcs, and Appart City.

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Other operations with BELAMBRA CLUBS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
02/2026	ANTIN INFRASTRUCTURE	BELAMBRA CLUBS	FRANCE	Hospitality & Leisure	Antin Infrastructure Partners entered into exclusive negotiations to acquire a majority stake (>90%) in Belambra Clubs from Caravelle. The transaction marks the exit of the family holding Caravelle after a 12-year holding period. The deal is executed via Antin's Midcap I fund. The management team remains in place to execute a EUR100 million investment plan. The strategic roadmap focuses on moving upmarket, opening at least one new site per year, and notably acquiring the real estate assets ("walls") of several clubs to secure the asset base

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: caravelle