GROUPE PARTIR-VISITEURS (GPV) acquired by B & CAPITAL
Context
The tour operator Groupe Partir-Visiteurs organizes a managerial transition through an LBO led by B & Capital. The historic founders, Didier Rabaux and Didier Blanchard, hand over the operational leadership to the current General Manager, Patrice Arezina, while retaining a minority stake. B & Capital enters as the majority shareholder to support this succession. The deal aims to accelerate the group's development by opening new destinations, diversifying into new segments, and strengthening its CSR commitments.
GROUPE PARTIR-VISITEURS (GPV), which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.1x).
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Target
An independent French tour operator founded in 1986. The group specializes in long-haul customized travel ("à la carte") and escorted tours, distributing its products through a network of 3,000 partner travel agencies. It operates two main brands: Visiteurs (Individual/B2B distribution) and Partir (Group travel/Works councils).
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
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REFERENCES
Valuation range: EV 20M - 50M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 0M - 5M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: groupe partir-visiteurs (gpv)
Acquirer: b & capital