LES BURGERS DE PAPA acquired by BCHEF
Context
Bchef acquired its direct competitor "Les Burgers de Papa" to create a group with EUR40M in revenue and 70 restaurants. The transaction was funded by Bchef's previous fundraising with Elevation Capital Partners and senior bank debt. The founder of Les Burgers de Papa, Yves Hecker, exits the business. Both brands will maintain their distinct identities.
LES BURGERS DE PAPA, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.1x).
-> Deep-dive in Retail & Consumer market trends
Target
A French "Gourmet Burger" chain known for its humorous branding and high-quality local ingredients. The network consists of several dozen restaurants across France, operating through both owned and franchised models, with a strong focus on the "Fast Casual" segment.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Hospitality & Leisure
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2026 | APOLLO GLOBAL MANAGEMENT | THE GOODLIFE GROUP | CANADA | Leisure Facilities |
| 02/2026 | ANTIN INFRASTRUCTURE | BELAMBRA CLUBS | FRANCE | Hotels & Accommodation |
| 01/2026 | TRIARTISAN CAPITAL ADVISORS / TREVILLE CAPITAL GROUP / YADAV ENTERPRISES | DENNY'S | UNITED STATES | Restaurants / Chains |
| 01/2026 | AXIO CAPITAL | L'ORANGE BLEUE | FRANCE | Leisure Facilities |
| 12/2025 | B & CAPITAL | GROUPE PARTIR-VISITEURS (GPV) | FRANCE | Tour Operators |
| 12/2025 | YADAV ENTERPRISES | DEL TACO HOLDINGS | UNITED STATES | Restaurants / Chains |
| 10/2025 | BPIFRANCE / BRED BANQUE POPULAIRE | ERIGEA LOISIRS | FRANCE | Leisure Facilities |
| 10/2025 | RACETRAC | POTBELLY CORPORATION | UNITED STATES | Restaurants / Chains |
| 09/2025 | RHONE CAPITAL | FREDDY’S | UNITED STATES | Restaurants / Chains |
| 09/2025 | MCWIN CAPITAL PARTNERS | FLAT IRON | UNITED KINGDOM | Restaurants / Chains |
REFERENCES
Revenue range: 5M - 25M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LES BURGERS DE PAPA by BCHEF 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.
Acquirer: bchef