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 [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).
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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
€20–50M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
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REFERENCES
Valuation range: EV €20–50M
Revenue range: €50–100M
EBITDA range: €0–5M
EV/Revenue range: below 1.5x
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 GROUPE PARTIR-VISITEURS (GPV) by B & CAPITAL 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 partir-visiteurs (gpv)
Acquirer: b & capital