At what enterprise value was COURTEPAILLE acquired in 2010?

During the acquisition of COURTEPAILLE by FONDATIONS CAPITAL in 2010, 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 COURTEPAILLE when it was acquired by FONDATIONS CAPITAL?

The estimated EV/EBITDA multiple for COURTEPAILLE is in the range of 5x - 12x. 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 COURTEPAILLE acquired by FONDATIONS CAPITAL?

COURTEPAILLE was acquired by FONDATIONS CAPITAL in 2010.

What was the revenue of COURTEPAILLE at the time of the deal?

The revenue of COURTEPAILLE at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of COURTEPAILLE during the acquisition?

COURTEPAILLE's EBITDA is estimated to be in the range of 10M - 30M 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 COURTEPAILLE 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 COURTEPAILLE 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/lbo/courtepaille-sattable-pour-un-buy-out-de-245-m-euros-avec-fondations-capital-100667

← DATABASE

Home Database Retail & ConsumerCOURTEPAILLE

12/2010

COURTEPAILLE acquired by FONDATIONS CAPITAL

FRANCE Hospitality & Leisure / Hospitality / Restaurants / Chains EV 100M - 350M EUR

Context

Fondations Capital has arranged the acquisition of a majority shareholding in the French restaurant chain Courtepaille, marking a change of ownership from the company's previous financial sponsors, a consortium led by ING Parcom. This transaction represents a secondary buyout, enabling the former shareholders to exit after a six-year holding period characterized by consistent growth. The deal is structured to support Courtepaille's next phase of development and expansion within the French market. The rationale for the acquisition is based on the target's strong brand recognition, leading market position in the grill-restaurant segment, and its proven track record of performance in a growing sector. The new ownership structure is designed to foster continued success by aligning the interests of the new financial sponsor with those of the company's leadership. As part of the transaction, the existing management team, along with a significant number of employees, are co-investing, ensuring leadership continuity and a vested interest in the company's future performance. This demonstrates the acquirer's confidence in the current operational strategy and leadership to capitalize on future market opportunities.

COURTEPAILLE, which reported an EBITDA margin of LOGIN in 2010, 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.

-> Deep-dive in Retail & Consumer market trends

Target

Courtepaille is a French restaurant chain with a history dating back to its founding in 1961. The company specializes in grilled meat and operates within the casual dining segment, primarily targeting families. Its brand identity is strongly associated with a traditional, rustic aesthetic, often featuring a distinctive circular building with a thatched roof, which has become a familiar sight for travelers along France's major roadways. The business model is a mix of company-owned and franchised restaurants. The menu is centered around various cuts of beef, sausages, and other grilled items, typically prepared over a wood fire in an open kitchen, which is a signature element of the customer experience. This concept is designed to offer a consistent and accessible dining option. Over the decades, Courtepaille established itself as a well-known name in the French hospitality landscape, synonymous with roadside dining and a consistent, unpretentious food offering.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2010

2009

Other operations with COURTEPAILLE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2020	BUFFALO GRILL	COURTEPAILLE	France	Hospitality & Leisure	In September 2020, Buffalo Grill acquired its competitor Courtepaille out of receivership, a legal process initiated in July 2020. Courtepaille's financial distress, which pre-dated the pandemic, was severely exacerbated by the COVID-19 lockdown and the preceding french social crisis, culminating in its inability to secure a state-guaranteed loan
09/2015	ICG	COURTEPAILLE	France	Hospitality & Leisure	The transaction resulted from a debt-for-equity swap, culminating in Intermediate Capital Group (ICG) taking exclusive control of Courtepaille. The process originated from a 2011 Leveraged Buyout (LBO) in which ICG had provided a significant unitranche loan to finance the acquisition by the private equity firm Fondations Capital
06/2013	CREDIT MUTUEL EQUITY	COURTEPAILLE	France	Hospitality & Leisure	CM-CIC Capital Finance acquired a minority stake in the restaurant chain Courtepaille from Salvepar, an investment holding company. This transaction represents a complete exit for Salvepar, which had been part of the shareholder structure since a leveraged buyout approximately two years prior

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of COURTEPAILLE by FONDATIONS CAPITAL 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).

Target: courtepaille