Deal Announcement Consumer - Looping

IMAP France advises the founding shareholders of Looping on their takeover of the Group via an LBO
Ter alongside Mubadala Capital. The founders of Looping, with the support of Mubadala Capital via an LBO Ter, took over the Group from Ergon Capital Partners. 

Looping was founded in 2011, following the acquisition of 7 parks from Compagnie des Alpes. It comprises 15 leisure parks in Europe, operating in 4 activities: aquariums, animal parks, water parks and amusement parks. 

Established in seven countries, Looping welcomes over 4 million visitors each year and generates revenues in excess of €100 million, for an EBITDA of over €30 million. 

Mubadala Capital is an international investment company owned by the Government of Abu Dhabi. The group was created in 2002 by the merger of International Petroleum Investment Company (IPIC) and Mubadala Development Company. Today, Mubadala Capital manages $229 billion in assets and has interests in over 50 countries. 

Following a competitive process involving private equity and sovereign wealth funds, Mubadala was selected,  primarily due to its strong competitive offer and secondly, because of management's desire to partner for the long term with a leading shareholder able to support them in future development projects. 

The IMAP France team, led by Franck Silvent, acted as sole financial advisors to the founding shareholders of Looping, in particular during negotiations with Mubadala Capital and the other potential acquirers, optimizing the transaction structure, management package, governance and re-investment conditions. The team also conducted negotiations related to legal documentation, terms and conditions of equity and quasiequity instruments and the LBO debt structure.