Sandberg Capital has acquired a majority stake in Czech technology company HotelTime to accelerate growth and support its international expansion.

Information on the Target

Sandberg Capital, a Slovak private equity investment group, has achieved a significant milestone by acquiring a majority stake in HotelTime through its second fund, Sandberg Investment Fund II (SIF2). HotelTime is a leading player in the Czech market for cloud-based property management systems (PMS), with its solutions employed by over 700 hotels across 20 countries. The company has established a strong presence in Europe and is successfully expanding its operations into the African and Southeast Asian markets.

HotelTime has consistently ranked among the top five PMS solutions globally in the international HotelTechReport, demonstrating the quality of its technology and the trust it has garnered from clients. The acquisition aims to accelerate the company's growth, support its expansion into foreign markets, and gradually transform HotelTime into a key technological platform within the hospitality sector. A notable aspect of this transaction is the continuity of the existing management team, which will remain part of the shareholder structure and continue to contribute to the company's strategic direction.

Industry Overview in the Target’s Specific Country

The Czech Republic's hospitality industry has undergone significant changes in recent years, driven by advancements in technology and shifting consumer preferences. As hotels increasingly adopt technology solutions to enhance operationa