LOOPING GROUP acquired by APHEON (EX ERGON) & BPIFRANCE
Context
Ergon Capital, in partnership with Bpifrance, has completed the acquisition of a majority stake in Looping Group from H.I.G. Capital. The transaction marks the second leveraged buyout for the group since its inception and is designed to support the next phase of its European expansion. The management team, which has been instrumental in the group's rapid development, remains a significant shareholder and will continue to execute its successful acquisition-led growth strategy. The deal was supported by a senior debt package structured to provide the group with the necessary flexibility for capital expenditures and future bolt-on acquisitions. The strategic rationale for the investment is to consolidate the group's position as a leading regional leisure park operator in Europe by integrating new sites and improving the operational performance of the existing portfolio through best-practice sharing and centralized strategic support.
It is worth noting that the fund Hig Capital took control of Looping Group through an LBO in 2011.
LOOPING GROUP, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).
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Target
Looping Group is a leading European operator of regional leisure parks, managing a diverse portfolio of eighteen sites including theme parks, aquariums, animal parks, and water parks across eight countries. The company’s business model centers on a "proximity and authenticity" strategy, targeting local families and tourists with accessible, high-quality entertainment. Key assets include the Zoo de la Flèche and Bagatelle in France, as well as Drayton Manor in the UK. The group’s value proposition is built on an active buy-and-build platform, acquiring well-established local brands and enhancing their performance through targeted investments in new attractions, high-end accommodation (lodges), and improved digital ticketing and catering services. By focusing on essential leisure activities near urban centers, Looping maintains high customer loyalty and a resilient revenue stream across diverse European geographies.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with LOOPING GROUP
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2023 | PAI PARTNERS | LOOPING GROUP | FRANCE | Leisure Facilities |
| 10/2019 | MUBADALA | LOOPING GROUP | FRANCE | Leisure Facilities |
| 01/2011 | HIG CAPITAL | LOOPING GROUP | FRANCE | Leisure Facilities |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M 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.
Press release: view release
Target: looping group
Acquirer: bpifrance / apheon (ex ergon)