BIG MAMMA acquired by MCWIN CAPITAL PARTNERS
Context
McWin Capital Partners agreed to acquire a majority stake in Big Mamma Group in an leverage buy‑out operation. The founders Tigrane Seydoux and Victor Lugger retaining minority stakes and continuing as co‑CEOs and key shareholders, while a broad group of earlier investors exits the cap table. The deal simplifies the ownership structure, removesMcWin’s objective is to use the new platform to deepen Big Mamma’s presence in existing markets, enter new territories, and continue investing in immersive venue design, cuisine quality, and hospitality standards. The transaction also supports the group’s ambition to expand into Italy and the U.S. over time, turning Big Mamma into a broader international reference for premium yet accessible Italian casual dining. a large number of minority backers from prior funding rounds, and provides Big Mamma with a long‑term financial partner aligned with its international expansion ambitions. At the time of the transaction, Big Mamma operated 23 restaurants across France, the UK, Spain, Germany, and Monaco, with strong brand momentum, a high level of guest engagement, and a proven format that can be replicated in major European urban centers.
It is worth noting that the fund Dentressangle took control of Big Mamma through an LBO in 2018.
BIG MAMMA, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).
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Target
Big Mamma Group is a French hospitality company founded in 2015 by Tigrane Seydoux and Victor Lugger, specializing in authentic, experiential Italian dining. The group operates a portfolio of highly design‑led trattorias and pizzerias that combine 100% homemade kitchens, theatrical interiors, and strong social‑media appeal to create a distinctive “destination dining” experience. Big Mamma has grown rapidly across Europe, with 23 restaurants at the time of McWin’s investment, spanning France, the UK, Spain, Germany, and Monaco. Its strategy focuses on delivering high‑quality Italian cuisine at accessible price points while using immersive design, culturally rooted menus, and venue‑specific identities to build brand loyalty and strong foot traffic. The company has expanded from its Paris origins into major European cities such as London, Madrid, and Milan, while maintaining a certified B Corp profile and a focus on sustainable sourcing and responsible hospitality.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with BIG MAMMA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2018 | DENTRESSANGLE | BIG MAMMA | FRANCE | Restaurants / Chains |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M EUR
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Press release: view release
Target: big mamma
Acquirer: mcwin capital partners