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10/2019MinorityLBO

Mubadala invests in Looping Group

FRANCE Hospitality & Leisure / Leisure Facilities EV €300–700M

Context

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. Bpifrance, a long-standing partner, also participated in the transaction to maintain its support for the group’s development. The deal was conducted primarily as a private, bilateral agreement and involved a complete restructuring of the group’s existing debt facilities. The previous "first out-second out" financing was replaced by a substantial unitranche facility provided by Hayfin, which also included a dedicated line for capital expenditures. This new financial structure is designed to provide the group with the stability and liquidity required to pursue further international acquisitions and enhance the profitability of its existing leisure assets.

Looping Group, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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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

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
€100–200M
€25–50M
[members only]
2018
€100–200M
€25–50M
[members only]

Other operations with Looping Group

Other operations with Looping Group
DateAcquirerTargetCountrySector
05/2023PAI PARTNERSLOOPING GROUPFRANCELeisure Facilities
04/2016APHEON / BPIFRANCELOOPING GROUPFRANCELeisure Facilities
01/2011HIG CAPITALLOOPING GROUPFRANCELeisure Facilities

Other operations with Mubadala

Other operations with Mubadala
DateAcquirerTargetCountrySector
09/2026MUBADALALUCKIN COFFEECHINARestaurants / Chains
08/2026MUBADALA / WOVEN CAPITAL / ION PACIFIC / BLUECREST CAPITAL MANAGEMENTMOOVEUNITED ARAB EMIRATESFleet Management Finance
06/2026MUBADALAPIERRE ET VACANCES - CENTER PARCSFRANCEHotels & Accommodation
05/2026MUBADALAPOWER FACTORSUNITED STATESIndustry-Specific Software
12/2025BAIN CAPITAL / MUBADALASERVICE LOGICUNITED STATESHVAC
05/2024BPIFRANCE / MUBADALASOCOTECFRANCETIC (Testing, Inspection, Certification)
07/2023KKR / MUBADALACOOLIT SYSTEMSCANADAServers & Networks

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10/2019CAPDESIA GROUPWASABI SUSHI BENTOUNITED KINGDOMRestaurants / Chains
10/2019BASIC-FITGYMSTREETFRANCELeisure Facilities
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REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €25–50M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Looping Group by Mubadala 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.

Press release: view release

Target: looping group

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Looping Group, a French company specialised in Leisure Facilities, by Mubadala in 2019, structured as a leveraged buyout (LBO). This followed a prior holding cycle initiated by Apheon / Bpifrance in April 2016, before ownership was subsequently transferred to PAI Partners in May 2023 (see dedicated deal pages for details).

How was the acquisition of Looping Group by Mubadala valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Looping Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Looping Group generated annual revenue estimated in the €100–200M range and EBITDA in the €25–50M bracket (FY 2019). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

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