At what enterprise value was L'ORANGE BLEUE acquired in 2026?

You can find the full valuation details of L'ORANGE BLEUE on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of L'ORANGE BLEUE when it was acquired by AXIO CAPITAL?

The exact EV/EBITDA multiple for L'ORANGE BLEUE is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was L'ORANGE BLEUE acquired by AXIO CAPITAL?

L'ORANGE BLEUE was acquired by AXIO CAPITAL in 2026.

What was the revenue of L'ORANGE BLEUE at the time of the deal?

The revenue of L'ORANGE BLEUE at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the L'ORANGE BLEUE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the L'ORANGE BLEUE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/LBO/Operations/MBO/L-Orange-Bleue-gaine-son-capital-555132

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Home Database Retail & ConsumerL'ORANGE BLEUE

01/2026

L'ORANGE BLEUE acquired by AXIO CAPITAL

FRANCE Hospitality & Leisure / Leisure Facilities REV 100M - 200M EUR

Context

L’Orange Bleue has completed a management transition as CEO Jose Nercellas becomes President, supported by historical investor Axio Capital and founder Thierry Marquer. The fitness network, which operates 400 clubs, secured new bank debt and mezzanine financing to fund its next growth cycle. The strategy focuses on expanding the network to 500 clubs across France, Spain, and Portugal while leveraging improved profitability following a structural reorganization.

L'ORANGE BLEUE, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).

-> Deep-dive in Retail & Consumer market trends

Target

A leading French fitness club network operating mainly through brand licensing (90% of the network). L Orange Bleue offers affordable gym memberships with a focus on personalized coaching and diverse group classes (Yako).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Similar deals in Hospitality & Leisure

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Date	Acquirer	Target	Country	Sector
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12/2025	B & CAPITAL	GROUPE PARTIR-VISITEURS (GPV)	FRANCE	Tour Operators
12/2025	YADAV ENTERPRISES	DEL TACO HOLDINGS	UNITED STATES	Restaurants / Chains
10/2025	BPIFRANCE / BRED BANQUE POPULAIRE	ERIGEA LOISIRS	FRANCE	Leisure Facilities
10/2025	RACETRAC	POTBELLY CORPORATION	UNITED STATES	Restaurants / Chains
09/2025	RHONE CAPITAL	FREDDY’S	UNITED STATES	Restaurants / Chains
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REFERENCES

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of L'ORANGE BLEUE by AXIO CAPITAL 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.

Target: l'orange bleue

Acquirer: axio capital