Festive catering: Walter Butler buys the Moma Group, which will invest in Morocco
The latter will be bought by the American investment fund Butler Industries, shareholder of the Moma Group, a festive catering group. The fund will take over the majority stake from Moma Group founder Benjamin Patou, Moma Group and Butler announced on Tuesday. The fund of the French-American businessman Walter Butler entered the capital in December 2023 of the Moma Group, which operates around thirty high-end venues, restaurants and event spaces, mainly in Paris, but also in Lyon, Saint-Tropez, Saint- Barthélémy or Doha. Benjamin Patou will retain 15% of the capital along with historic shareholders including Patrick Bruel, Eric Sitruk and Jean-David Sarfati.
In the coming months, Moma Group plans to open four restaurants in Morocco, a Mimosa establishment (chef Jean-François Piège’s table at the Hôtel de la Marine) in Saudi Arabia and several projects around Noto and Casa Amor.
“We will develop, as much as possible, synergies with our companies already present in this universe (Pierre Hermé, Paradis Latin, l’Ambroisie, la Liste, our vineyards) and use our know-how in international development, catering, etc. in of animation to capitalize on the strength of the Moma brands and in particular Casa Amor and Noto.the businessman said in a press release.
Founded in 2012, Moma Group recorded a turnover of more than 115 million euros and an operating profit of 10 million euros in 2024 thanks to the international implementation of its restaurant concepts. It has 800 employees.
