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M&A

TRAVELSOFT

Acquired by

CAPZA

FRANCE Software EV [100m EUR - 500m EUR] 10/2023

Target

TRAVELSOFT

Acquirer

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 LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
EBIT
2022
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2021
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Other operations with TRAVELSOFT

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.