Sandberg Capital acquired 80% in Croatian IT firm Travelnode

Investment group Sandberg Capital (Martin Fedor) and Czech ARX Equity Partners acquired an 80% stake in Croatian IT firm Travelnode, which owns Phobs, a provider of IT solutions for hotels with €7m annual sales. The buyers' financial advisor was KPMG, and financing was provided by Tatra banka.

Sandberg Capital’s portfolio includes IT firms Seyfor and Webglobe, farms Sanagro, retailer Terno, as well as Cambridge International School.

(forbes.sk)