LOOPING GROUP acquired by ERGON CAPITAL PARTNERS & 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 LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).
Note that 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.
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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.
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Historical Financials (EUR)
Other operations with LOOPING GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 05/2023 | PAI PARTNERS | LOOPING GROUP | FRANCE | Hospitality & Leisure | PAI Partners has signed a definitive agreement to acquire a 75% majority stake in Looping Group from Mubadala Capital and Bpifrance. This transaction marks the fourth leveraged buyout for the group. The founding management team will retain a 25% minority interest and continue to lead the group’s ambitious growth strategy |
| 10/2019 | MUBADALA | LOOPING GROUP | FRANCE | Hospitality & Leisure | Looping Group has undergone a major capital reorganization as the founding management team, led by the President and Managing Director, assumed majority control of the company. Mubadala Capital entered the capital as a significant minority investor to support this management-led buyout, while the previous majority shareholder, Ergon Capital, fully exited its position |
| 01/2011 | HIG CAPITAL | LOOPING GROUP | FRANCE | Hospitality & Leisure | H.I.G. Capital has completed the acquisition of a portfolio of seven regional leisure parks from Compagnie des Alpes to form the newly established Looping Group. This transaction represents a classic corporate carve-out, as the seller sought to refocus its strategy on major international destination resorts and ski areas |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: looping group
Acquirer: bpifrance / ergon capital partners