mynth
← DATABASE
01/2026

LES BURGERS DE PAPA acquired by BCHEF

FRANCE Hospitality & Leisure / Hospitality / Restaurants / Chains REV 5M - 25M EUR

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)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in Hospitality & Leisure

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2026APOLLO GLOBAL MANAGEMENTTHE GOODLIFE GROUPCANADALeisure Facilities
02/2026ANTIN INFRASTRUCTUREBELAMBRA CLUBSFRANCEHotels & Accommodation
01/2026TRIARTISAN CAPITAL ADVISORS / TREVILLE CAPITAL GROUP / YADAV ENTERPRISESDENNY'SUNITED STATESRestaurants / Chains
01/2026AXIO CAPITALL'ORANGE BLEUEFRANCELeisure Facilities
12/2025B & CAPITALGROUPE PARTIR-VISITEURS (GPV)FRANCETour Operators
12/2025YADAV ENTERPRISESDEL TACO HOLDINGSUNITED STATESRestaurants / Chains
10/2025BPIFRANCE / BRED BANQUE POPULAIREERIGEA LOISIRSFRANCELeisure Facilities
10/2025RACETRACPOTBELLY CORPORATIONUNITED STATESRestaurants / Chains
09/2025RHONE CAPITALFREDDY’SUNITED STATESRestaurants / Chains
09/2025MCWIN CAPITAL PARTNERSFLAT IRONUNITED KINGDOMRestaurants / 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