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05/2023

LOOPING GROUP acquired by PAI PARTNERS

FRANCE Hospitality & Leisure / Leisure Facilities EV 500M - 1.5b EUR

Context

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. The deal was supported by a 250 million euro unitranche financing package provided by Hayfin, representing a leverage multiple of approximately 4.5x EBITDA. The strategic rationale for the new partnership is to double the company’s size over the next five years through a combination of organic development and continued cross-border acquisitions, with a particular focus on strengthening the group’s footprint in Southern Europe.

In the past, the company had already been the subject of several LBOs, notably led by Ergon Capital Partners / Bpifrance in 2016 and Mubadala in 2019. This succession of buyouts highlights the strong attractiveness of the company's business model.

LOOPING GROUP, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN 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.

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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Other operations with LOOPING GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
10/2019MUBADALALOOPING GROUPFRANCEHospitality & 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

04/2016ERGON CAPITAL PARTNERS / BPIFRANCELOOPING GROUPFRANCEHospitality & Leisure

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

01/2011HIG CAPITALLOOPING GROUPFRANCEHospitality & 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 500M - 1.5b EUR

Revenue range: 150M - 250M EUR

EBITDA range: 50M - 100M EUR

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 PAI PARTNERS are reserved for mynth community members. Register for free to unlock full data.

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: pai partners