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IDI sells its majority stake in the CDS Group

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IDI announces the sale of its stake in the CDS Group, in collaboration with Andera Partners and led by Ziad Minkara. IDI, initially the main shareholder, now retains a minority stake.

Since 2020, IDI has supported the development of CDS, a European leader in hotel reservations for business travel. Thanks to Andera Partners, the CDS Group is strengthening its position on the European market, with around 450 employees and a presence in six countries.

The sale allows IDI to achieve a significant return on investment, with a net multiple of 6.5x and a net IRR of 46%. The CDS Group, now renamed S4BT, continues its expansion with international ambitions under the leadership of Ziad Minkara.

R. H.

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