LOOPING GROUP acquired by MUBADALA
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.
In the past, the company had already been the subject of several LBOs, notably led by Hig Capital in 2011 and Apheon / Bpifrance in 2016. This succession of buyouts highlights the strong attractiveness of the company's business model.
LOOPING GROUP, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a level 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 |
| 04/2016 | APHEON (EX ERGON) / BPIFRANCE | LOOPING GROUP | FRANCE | Leisure Facilities |
| 01/2011 | HIG CAPITAL | LOOPING GROUP | FRANCE | Leisure Facilities |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M EUR
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Press release: view release
Target: looping group
Acquirer: mubadala