mynth
09/2023MajorityLBO

Mcwin Capital Partners takes majority stake in Big Mamma

FRANCE Hospitality & Leisure / Hospitality / Restaurants / Chains EV €300–700M

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.

In the past, Big Mamma was acquired by Dentressangle in 2018 as part of its expansion strategy.

Big Mamma, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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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

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

Above 20x

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€100–200M
€25–50M
€5–25M
2022
€100–200M
€25–50M
€5–25M

Other operations with Big Mamma

Other operations with Big Mamma
DateAcquirerTargetCountrySector
12/2018DENTRESSANGLEBIG MAMMAFRANCERestaurants / Chains

Other operations with Mcwin Capital Partners

Other operations with Mcwin Capital Partners
DateAcquirerTargetCountrySector
09/2025MCWIN CAPITAL PARTNERSFLAT IRONUNITED KINGDOMRestaurants / Chains
02/2024MCWIN CAPITAL PARTNERSSTICKS’N’SUSHIDENMARKRestaurants / Chains
01/2023MCWIN CAPITAL PARTNERSL’OSTERIAGERMANYRestaurants / Chains

Similar deals in Hospitality & Leisure

Similar deals in Hospitality & Leisure
DateAcquirerTargetCountrySector
10/2023CALVETON / BREAL CAPITALTHE EVOLV COLLECTIONUNITED KINGDOMRestaurants / Chains
10/2023LOV GROUPANGE BOULANGERIEFRANCERestaurants / Chains
09/2023PARADIESTASTES ON THE FLYUNITED STATESRestaurants / Chains
08/2023RESTAURANT BRANDSFIESTA RESTAURANTUNITED STATESRestaurants / Chains
07/2023TORIDOLL HOLDINGS CORPORATION / CAPDESIA GROUPTHE FULHAM SHOREUNITED KINGDOMRestaurants / Chains
06/2023AZZURRI GROUPBOOJUMIRELANDRestaurants / Chains
05/2023PAI PARTNERSLOOPING GROUPFRANCELeisure Facilities
04/2023HYATTMR & MRS SMITHUNITED KINGDOMTravel Agencies
02/2023HYATTDREAM HOTEL GROUPUNITED STATESHotels & Accommodation
02/2023ADAMANTEM CAPITALRETAIL ZOOAUSTRALIARestaurants / Chains

REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €25–50M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Big Mamma by Mcwin Capital Partners 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: big mamma

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Big Mamma, a French company specialised in Hospitality, by Mcwin Capital Partners in 2023, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in December 2018, when the company was acquired by Dentressangle.

How was the acquisition of Big Mamma by Mcwin Capital Partners valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Big Mamma’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Big Mamma generated annual revenue estimated in the €100–200M range and EBITDA in the €25–50M bracket (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

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