mynth
10/2023

TRAVELSOFT acquired by CAPZA

FRANCE Software / Industry-Specific Software / Travel & Hospitality EV 300M - 700M EUR

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2022
2021

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRAVELSOFT by CAPZA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: capza