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 [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
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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
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
Above 6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (EUR)
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €25–50M
EBITDA range: €5–25M
EV/Revenue range: Above 6x
EV/EBITDA range: 15x - 25x
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