Nextstage & MI3 invest in Groupe Bagatelle

FRANCE Hospitality & Leisure / Hospitality / Restaurants / Chains REV €50–100M

Context

NextStage and MI3 together invest EUR 17.7 million into Groupe Bagatelle in a minority, structuring‑equity round aimed at strengthening the group’s balance sheet, rationalizing its shareholder base, and funding a major expansion phase. The transaction enables Bagatelle to buy out certain local foreign investors who provided funding for individual openings, thereby simplifying the capital structure and giving the group the financial firepower to pursue its stated plan of opening 25 new establishments within five years. The founders, Remi Laba and Aymeric Clemente, remain in control, preserving the brand’s creative direction and operational leadership.

Groupe Bagatelle, which reported an EBITDA margin of [members only] in 2018, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Groupe Bagatelle is a French luxury restaurant, hotel, and beach‑club brand built around a hedonistic, Mediterranean‑style concept. The group launched in 2008 with the flagship Bagatelle restaurant in New York’s Meatpacking District, which quickly became a must‑visit destination in the city. The brand has since expanded into three main concepts: Bagatelle House (upscale urban restaurants), Bagatelle Beach (luxury beach clubs in top resort destinations), and Bagatelle Chalet (exclusive ski‑resort restaurants). Today, the group operates around 16 Bagatelle venues worldwide, including sites in New York, Miami, Saint‑Barthélemy, London, Saint‑Tropez, Mykonos, Courchevel, Buenos Aires, Punta del Este, Rio de Janeiro, São Paulo, Tulum, Dubai, Bahrain, Jeddah, and Riyadh. The concept targets a high‑net‑worth, international clientele seeking premium food, champagne‑driven experiences, and Instagram‑friendly party‑lifestyle venues, with strong seasonality and high‑margin nightlife / beach‑club revenue.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2018

2017

Other operations with Nextstage / MI3

Other operations with Nextstage / MI3
Date	Acquirer	Target	Country	Sector
10/2026	NEXTSTAGE	CORAVIA	FRANCE	Medical Consumables
09/2026	NEXTSTAGE	DOMAINE DE CHEZELLES	FRANCE	Food Products
09/2026	NEXTSTAGE / SOCADIF	GROUPE PIERRE YOVANOVITCH	FRANCE	High-End Lifestyle
03/2026	NEXTSTAGE	SOCIÉTÉ DES EAUX MINÉRALES D’ARCACHON (SEMA)	FRANCE	Soft Drinks
02/2026	NEXTSTAGE	EMARGENCE	FRANCE	Accounting & Audit
12/2024	NEXTSTAGE / IK PARTNERS	EUROBIO SCIENTIFIC	FRANCE	Diagnostic Equipment
10/2024	NEXTSTAGE	PEERSGROUP	FRANCE	Strategy & Management

Similar deals in Hospitality & Leisure

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05/2019	GOLDMAN SACHS	GROUPE B&B HOTELS	FRANCE	Hotels & Accommodation
04/2019	MTY FOOD GROUP	PAPA MURPHY'S	UNITED STATES	Restaurants / Chains
12/2018	DENTRESSANGLE	BIG MAMMA	FRANCE	Restaurants / Chains
12/2018	SERRUYA PRIVATE EQUITY / LION CAPITAL	GLOBAL FRANCHISE GROUP	UNITED STATES	Restaurants / Chains
12/2018	INSPIRE BRANDS	SONIC DRIVE IN	UNITED STATES	Restaurants / Chains
12/2018	LVMH	BELMOND	UNITED STATES	Hotels & Accommodation
11/2018	LAGARDERE TRAVEL RETAIL	HOJEIJ BRANDED FOODS	UNITED STATES	Restaurants / Chains
11/2018	DURATIONAL CAPITAL MANAGEMENT / THE JORDAN COMPANY TJC	BOJANGLES	UNITED STATES	Restaurants / Chains
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REFERENCES

Revenue range: REV €50–100M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Groupe Bagatelle by Nextstage / MI3 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: groupe bagatelle

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Groupe Bagatelle, a French company specialised in Hospitality, by Nextstage and MI3 in 2019.

What was Groupe Bagatelle’s revenue at the time of the deal?

At the time of the transaction, Groupe Bagatelle’s annual revenue was estimated within the €50–100M range (FY 2018). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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