TRAVELSOFT acquired by CAPZA
Context
Capza invested nearly EUR100M to acquire a 13% stake (via preferred shares) and refinance the group's debt. This transaction allowed the exit of Andera Acto. The founder, Christian Sabbagh, remains the majority shareholder (>70%). The deal aims to support Travelsoft's ambition to double in size within four years through massive European M&A.
TRAVELSOFT, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).
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Target
A leading European TravelTech group providing SaaS booking solutions for tour operators and online travel agencies (OTAs). The group automates the distribution of leisure travel offers through its platforms Orchestra (France), Traffics (Germany), and Travel Compositor (Spain).
Ent. Value
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 25M - 50M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: capza