Capital Croissance
at 360°
Capital Croissance, the leading private equity platform for entrepreneurs, private investors and families, is taking a stake in Travelsoft through its flexible financing offering, K2 Business Club, alongside majority founder Christian Sabbagh, managers and management company Capza, to help finance its growth via 3 new acquisitions.
TravelgateX, ATCORE Technology, and Travel Connection Technology join Travelsoft to create a global leader in “Travel tech” whose platform covers all the critical software needs of the global travel industry. Deployed by a team that now numbers 600 professionals, Travelsoft’s technology, present in 80 countries, enables 35 billion euros worth of bookings to be processed each year, generating 100 million euros in annual revenues for the group, with 400 major customers and 1000 suppliers.
Christian Sabbagh: « These 3 acquisitions represent a giant step forward in our mission to become the world leader in travel SaaS. But we won’t stop there, and we remain determined to pursue our growth through innovation and new acquisitions. The addition of TravelgateX, ATCORE Technology and Travel Connection Technology, each with cutting-edge technology and outstanding management teams, further enhances our value and relevance to customers and supplier partners worldwide, while creating numerous synergies and opportunities for innovation within the group. »