At what enterprise value was LOUNGERS acquired in 2025?

During the acquisition of LOUNGERS by FORTRESS INVESTMENT GROUP in 2025, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M GBP.

What was the EV/EBITDA of LOUNGERS when it was acquired by FORTRESS INVESTMENT GROUP?

The estimated EV/EBITDA multiple for LOUNGERS is in the range of 5x - 12x.

When was LOUNGERS acquired by FORTRESS INVESTMENT GROUP?

LOUNGERS was acquired by FORTRESS INVESTMENT GROUP in 2025.

What was the revenue of LOUNGERS at the time of the deal?

The revenue of LOUNGERS at the time of the deal is estimated to be in the range of 250M - 500M GBP.

What was the EBITDA of LOUNGERS during the acquisition?

LOUNGERS's EBITDA is estimated to be in the range of 25M - 50M GBP.

How is the data for the LOUNGERS 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 LOUNGERS 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.fortress.com/media/2025-02-11-fortress-investment-group-completes-354m-acquisition-of-loungers-plc

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Home Database Retail & ConsumerLOUNGERS

02/2025

LOUNGERS acquired by FORTRESS INVESTMENT GROUP

UNITED KINGDOM Hospitality & Leisure / Hospitality / Restaurants / Chains EV 300M - 700M GBP

Context

This transaction is a public-to-private leveraged buyout wherein Fortress Investment Group acquires the entire share capital of Loungers. Executed via a recommended scheme of arrangement, the operation successfully delists the target from the public stock exchange following a highly focused and competitive sale process. As part of the structured agreement, existing shareholders were offered the flexible option to exchange their shares for rollover securities alongside the primary cash offer. The strategic rationale driving this major consolidation is to leverage Fortress Investment Group's profound hospitality expertise and massive capital reserves to aggressively fuel Loungers' ambitious national rollout strategy and rapidly multiply its venue portfolio.

LOUNGERS, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

-> Deep-dive in Retail & Consumer market trends

Target

Loungers is a prominent operator of café bars, café restaurants, and roadside dining establishments across the United Kingdom. Managing a diverse portfolio of complementary brands, the enterprise boasts a strong track record of organic growth and robust profitability. Its success is heavily driven by an ambitious, continuous national rollout strategy and consistent like-for-like sales growth across its numerous locations. By offering highly appealing, relaxed dining and drinking environments, the firm has established a highly recognizable footprint in the domestic hospitality landscape and remains firmly positioned to continuously expand its venue network over the coming years.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Hospitality & Leisure

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2025	ADIA	EUROPEAN CAMPING GROUP (ECG)	FRANCE	Hotels & Accommodation
03/2025	QUATTROR / ANTHILIA CAPITAL PARTNERS	CIGIERRE	ITALY	Restaurants / Chains
02/2025	TIP - TAMBURI INVESTMENT PARTNERI	ALPITOUR	ITALY	Travel
01/2025	FRENCH FOOD CAPITAL / CEREA PARTNERS / SOFIPROTEOL	BOULANGERIES SOPHIE LEBREUILLY	FRANCE	Restaurants / Chains
03/2024	COMPAGNIE DES ALPES	GROUPE URBAN	FRANCE	Leisure Facilities
02/2024	MCWIN CAPITAL PARTNERS	STICKS’N’SUSHI	DENMARK	Restaurants / Chains
12/2023	PUBLIC INVESTMENT FUND PIF	ROCCO FORTE HOTELS	UNITED KINGDOM	Hotels & Accommodation
12/2023	SHAMAL HOLDING	SUSHISAMBA GROUP	UNITED KINGDOM	Restaurants / Chains
11/2023	GENERAL ATLANTIC	JOE & THE JUICE	DENMARK	Restaurants / Chains
10/2023	CALVETON / BREAL CAPITAL	THE EVOLV COLLECTION	UNITED KINGDOM	Restaurants / Chains

REFERENCES

Valuation range: EV 300M - 700M GBP

Revenue range: 250M - 500M GBP

EBITDA range: 25M - 50M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LOUNGERS by FORTRESS INVESTMENT GROUP 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

Acquirer: fortress investment group