At what enterprise value was GROUPE B&B HOTELS acquired in 2015?

During the acquisition of GROUPE B&B HOTELS by PAI PARTNERS in 2015, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of GROUPE B&B HOTELS when it was acquired by PAI PARTNERS?

The estimated EV/EBITDA multiple for GROUPE B&B HOTELS is in the range of 10x - 18x.

When was GROUPE B&B HOTELS acquired by PAI PARTNERS?

GROUPE B&B HOTELS was acquired by PAI PARTNERS in 2015.

What was the EBITDA of GROUPE B&B HOTELS during the acquisition?

GROUPE B&B HOTELS's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the GROUPE B&B HOTELS 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 GROUPE B&B HOTELS 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://www.paipartners.com/mediaitem/the-carlyle-group-and-montefiore-investment-announce-they-have-entered-into-exclusive-negotiations-with-pai-partners-for-the-sale-of-bb-hotels/

← DATABASE

Home Database Retail & ConsumerGROUPE B&B HOTELS

12/2015

GROUPE B&B HOTELS acquired by PAI PARTNERS

FRANCE Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 500M - 1.5b EUR

Context

PAI Partners entered into exclusive negotiations with The Carlyle Group and Montefiore Investment to acquire 100% of the B&B Hotels Group alongside the existing management team. The transaction was funded by PAI Europe VI. The strategic rationale for PAI is to capitalize on one of the most highly valued brands in the European hospitality industry to accelerate the pace of hotel openings both in Europe and internationally. For Carlyle and Montefiore, this exit marks the conclusion of a significant value-creation cycle that transformed B&B into a truly pan-European platform. The transaction aims to provide B&B with the institutional support required for its next phase of global expansion while ensuring leadership continuity under CEO Georges Sampeur.

GROUPE B&B HOTELS, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the Retail & Consumer sector (10.6x).

-> Deep-dive in Retail & Consumer market trends

Target

Founded in 1990, B&B Hotels is a leading independent economy hotel chain. The company’s business model is based on an "écono-chic" concept, offering high-quality essential services (bedding, Wi-Fi, breakfast) at a moderate price point for both business and leisure travelers. Its value proposition centers on a standardized guest experience with an optimized cost structure, which has earned the group multiple awards for design and innovation. Strategically, as of September 30, 2015, the group operated a platform of 343 hotels and over 28,500 rooms across seven countries: France, Germany, Italy, Spain, Poland, the Czech Republic, and Morocco. B&B has established itself as a European benchmark in the budget hospitality sector through disciplined international expansion and a strong, functional brand identity.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2016

2015

Other operations with GROUPE B&B HOTELS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
05/2019	GOLDMAN SACHS	GROUPE B&B HOTELS	FRANCE	Hotels & Accommodation

REFERENCES

Valuation range: EV 500M - 1.5b EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE B&B HOTELS by PAI 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.

Press release: view release

Target: groupe b&b hotels

Acquirer: pai partners