The executive management of La Tête dans les Nuages has finalized a minority "flex equity" transaction with a consortium led by Byway Capital and supported by Bpifrance. The strategic rationale for this operation centers on an "aggressive-scaling" play, merging the target's technical operational depth in the leisure sector with the sponsors' institutional capital and mezzanine expertise. This structural alignment allows the organization to remain under the controlling leadership of its majority owner while securing the definitive financial resources required to execute a massive network expansion. The operation specifically integrates a senior bank debt facility and a dedicated CAPEX line to facilitate the doubling or tripling of the group’s physical presence over the coming five years.

This transaction is part of the Retail & Consumer industry, which currently tracks an average EBITDA multiple of 10.9x since the beginning of 2026, 11.3% decrease compared to 2025. 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.