- Looping is headquartered in Paris, France
- Laurent Bruloy and Stéphane Da Cunha, co-founders, will retain a significant shareholding in Looping
- PAI Partners, based in Paris, France, is a private equity firm
PAI Partners has made a binding offer to acquire The Looping Group, a pan-European leisure park operator, from Mubadala Capital’s private equity business and Bpifrance, the French national investment bank.
No financial terms of the transaction were disclosed.
Looping is headquartered in Paris, France.
Looping has benefitted from significant growth investments to enhance its existing portfolio of properties under Mubadala Capital’s ownership.
PAI will partner with Looping’s existing management team to drive further organic growth and add to the group’s portfolio of leisure parks, according to a release.
Looping will continue to be led by its management team, including co-founders Laurent Bruloy and Stéphane Da Cunha.
Bruloy and Da Cunha will retain a significant shareholding in Looping.
“Positioned in the resilient budget leisure segment, the group is well placed to benefit from long-term tailwinds that underpin the local leisure park market,” said Bertrand Monier, a partner at PAI Partners.
PAI Partners, based in Paris, France, is a private equity firm.
Mubadala Capital is the wholly-owned asset management subsidiary of Mubadala Investment Company, with approximately $17 billion of assets under management. The firm is headquartered in Abu Dhabi, UAE.