mynth
07/2022

MMV acquired by COMPAGNIE DES ALPES

FRANCE Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 100M - 350M EUR

Context

The acquisition of an 85% stake in MMV by Compagnie des Alpes represents a strategic growth initiative, enabling the company to bolster its presence in the European leisure and ski resort industry. By acquiring MMV, the second-largest operator of hotels and club residences in the French Alps, Compagnie des Alpes gains control of a portfolio comprising 20 establishments across 16 renowned ski resorts. This transaction facilitates vertical consolidation of the company's value chain, substantially expanding its mountain accommodation capabilities, with the acquired assets set to complement its existing operations, thereby enhancing its overall market position, and entering new markets, with potential for increased revenue streams, through the integration of MMV's establishments, resulting in a significant increase in the company's scale and scope.

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

-> Deep-dive in Retail & Consumer market trends

Target

MMV is the second-largest hotel operator in the French Alps, specializing in club hotels and residences for families. The group manages a portfolio of 20 establishments (10 club hotels and 10 club residences) across 16 prestigious ski resorts, including Tignes, Les Arcs, and La Plagne. With approximately 11,500 tourist beds and a 4-star/Premium positioning, MMV offers a comprehensive holiday experience including children s clubs, wellness areas, and outdoor activities.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2022
LOGIN
LOGIN
LOGIN
2021
LOGIN
LOGIN
LOGIN

Similar deals in Retail & Consumer

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
01/2023MCWIN CAPITAL PARTNERSL’OSTERIAGERMANYHospitality & Leisure

The McWin Restaurant Fund agrees to acquire a majority stake in L’Osteria. The transaction is structured as a control‑buyout in which founders Klaus Rader and Friedemann Findeis remain significant minority shareholders, alongside CEO Mirko Silz and the existing management team, ensuring continuity of leadership and brand identity

01/2023FLIGHT CENTRE TRAVEL GROUPSCOTT DUNNUNITED KINGDOMHospitality & Leisure

Flight Centre Travel Group has agreed to acquire Scott Dunn from private equity firm Inflexion. The acquisition provides Flight Centre with a scalable entry point into the UK and US luxury travel markets

07/2022AVOLTAAUTOGRILLItalyHospitality & Leisure

The transaction represents a transformational merger between Dufry, a global leader in travel retail, and Autogrill, a global leader in travel food and beverage services. The combination was designed to create an integrated, diversified global travel experience player with an unparalleled presence across various geographies and service channels

07/2022DENNY'SKEKE'S BREAKFAST CAFEUNITED STATESHospitality & Leisure

Denny's Corporation acquired 100% of the assets of Keke's Breakfast Cafe. The transaction was funded through a combination of cash on hand and borrowings from Denny's existing revolving credit facility

07/2022EUROPEAN CAMPING GROUP (ECG)VACANCESELECTFRANCEHospitality & Leisure

Less than a year after being acquired by PAI Partners, European Camping Group (Homair, Eurocamp, Roan) absorbed its direct competitor, Vacanceselect. This transaction allowed ECG to double its revenue and become the #3 European leader in the sector

06/2022BLUEGEM CAPITAL PARTNERSFOODBOXSPAINHospitality & Leisure

BlueGem Capital Partners successfully completed the strategic acquisition of a 100% stake in FoodBox from Nazca Capital and its founding partners in June 2022. This high-profile transaction marks a significant consolidation in the Spanish organized catering market, as BlueGem already holds a majority position in the premium restaurant group Lateral

05/2022DEA CAPITALPIZZERÍAS CARLOSSpainHospitality & Leisure

DeA Capital Alternative Funds, through its specialized food and beverage vehicle Taste of Italy 2, acquired a majority stake in the Spanish fast-casual restaurant chain, Pizzerías Carlos. This strategic investment is designed to provide the capital and support necessary to accelerate the company's ambitious expansion plans across the Iberian Peninsula, specifically targeting growth in Spain and Portugal

03/2022JACK IN THE BOXDEL TACO HOLDINGSUNITED STATESHospitality & Leisure

Jack in the Box Inc. finalized its acquisition of Del Taco Restaurants, Inc. via a merger agreement, securing full ownership and delisting Del Taco from NASDAQ. Synergies stem from overlapping guest demographics, menu overlaps in variety-driven comfort foods, and aligned cultures prioritizing innovation and value—enabling shared investments in digital platforms, technology, and franchise development

12/2021KKRPUREGYMUNITED STATESHospitality & Leisure

PureGym has secured a £300 million equity investment from KKR, marking a significant milestone in the group’s international expansion and digital development strategy. KKR joins the capital structure as a significant minority investor alongside the majority owner, Leonard Green & Partners (LGP), and the company’s management team

11/2021RESTAURANT BRANDSFIREHOUSE SUBSUNITED STATESHospitality & Leisure

Restaurant Brands International Inc. agreed to acquire Firehouse Subs in an all-cash transaction, integrating the sandwich specialist into its QSR powerhouse portfolio. Structure encompasses full ownership of Firehouse Restaurant Group Inc

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MMV by COMPAGNIE DES ALPES 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).

Acquirer: compagnie des alpes