08/2015100%

Paradies acquired by Lagardere Travel Retail

UNITED STATES Retail / Specialized Retail EV $300–700M

Context

Lagardere acquired 100% of the holding company of Paradies. The sellers were the private equity firm Freeman Spogli & Co and the founding Paradies family. The transaction combined Lagardere's existing North American operations with Paradies to create a new entity generating ~$800 million in sales.

Paradies, which reported an EBITDA margin of [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, to compare with the average currently observed in the Retail & Consumer sector (11.8x in 2026).

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Target

Founded in 1960 and headquartered in Atlanta, Paradies was a leading airport concessionaire in the US. Operating in 76 airports (including major hubs like JFK, LAX, Chicago O'Hare, and Atlanta), the company managed a network of over 550 stores. While originally focused on "News & Gifts," Paradies had successfully diversified into "Specialty Retail" (fashion, accessories) and "Food & Beverage," which are higher-margin segments. For the fiscal year ending June 2015, the company generated $515 million in revenue.

Ent. Value

$300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2015

2014

Other operations with Paradies

Other operations with Paradies
Date	Acquirer	Target	Country	Sector
09/2023	PARADIES	TASTES ON THE FLY	UNITED STATES	Restaurants / Chains

Other operations with Lagardere Travel Retail

Other operations with Lagardere Travel Retail
Date	Acquirer	Target	Country	Sector
11/2018	LAGARDERE TRAVEL RETAIL	HOJEIJ BRANDED FOODS	UNITED STATES	Restaurants / Chains

Similar deals in Retail

Similar deals in Retail
Date	Acquirer	Target	Country	Sector
10/2017	OUEST CROISSANCE	EASY CASH	FRANCE	Second-hand Goods
03/2017	ARDIAN	PROSOL	FRANCE	General Grocery
11/2016	JD SPORTS	GO OUTDOORS	UNITED KINGDOM	Sport
05/2016	PUBLIC MARKETS (IPO)	MAISONS DU MONDE	FRANCE	Home & DIY
06/2014	AVOLTA	THE NUANCE GROUP	SWITZERLAND	Specialized Retail
06/2013	BAIN CAPITAL	MAISONS DU MONDE	FRANCE	Home & DIY
03/2013	ALPHA PRIVATE EQUITY	VERTBAUDET	FRANCE	Fashion & Apparel
03/2012	MANAGEMENT & PRIVATE INVESTORS	ICELAND FOODS GROUP	UNITED KINGDOM	General Grocery
04/2007	APAX PARTNERS / LBO FRANCE	MAISONS DU MONDE	FRANCE	Home & DIY
06/2005	BARCLAYS PRIVATE EQUITY / NATEXIS INDUSTRIE	MAISONS DU MONDE	FRANCE	Home & DIY

REFERENCES

Valuation range: EV $300–700M

Revenue range: $250–500M

EBITDA range: $50–100M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Paradies by Lagardere Travel Retail 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: paradies

Acquirer: lagardere travel retail

FAQ

What transaction does this page cover?

This page covers Lagardere Travel Retail’s acquisition of 100% of Paradies, an American company specialised in Specialized Retail, in 2015.

How was the acquisition of Paradies by Lagardere Travel Retail valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $300–700M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Paradies’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Paradies generated annual revenue estimated in the $250–500M range and EBITDA in the $50–100M bracket (FY 2015). Detailed financial figures are available to members.

How does the valuation of Paradies compare to benchmarks in the Retail & Consumer sector?

With an estimated valuation multiple in the range of 5x - 12x in 2015, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the Retail & Consumer sector are valued at a multiple of 11.8x EBITDA.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

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