Travelsoft welcomes Capza as minority shareholder

Travelsoft is welcoming Capza as a minority shareholder thanks to the firm’s investment that will fortify the travel software as a service group’s financial foundation and consolidation strategy.

Terms of the deal were not made public. Travelsoft said in its announcement that CEO Christian Sabbagh still holds more than 70% of the group, and collective ownership by management is higher than 85%. The group brought on Capza through its Flex Equity Mid-Market II fund.

Sabbagh said the investment from Capza will enable Travelsoft to push its tech innovations and fuel momentum.

“With Capza on board, we’re geared to accelerate growth, acquire more companies and drive our strategic vision,” Sabbagh said. “Travelsoft remains dedicated to driving innovation in the travel technology sector, delivering cutting- edge solutions that empower the industry and enhance travel experiences for consumers.”

Travelsoft, founded in Paris in 2000, transacts bookings with more than 300 tour operators in 40 countries with 600 suppliers, primarily in the Americas and in Europe.

The group acquired Spain-based B2B booking engine provider Travel Compositor in March and Germany’s customer-oriented consulting firm Traffics in 2022. The two companies plus France-based platform Orchestra make up the Travelsoft group.

Leave a Reply

Your email address will not be published. Required fields are marked *