DENTRESSANGLE invests in TEKLYNX
Context
Thierry Mauger, chief executive of Teklynx, the French labelling and traceability software publisher, stays at the helm and reinvests alongside several managers as Dentressangle takes control in a primary LBO. The move ends more than fifteen years of venture capital backing: Crédit Mutuel Equity, GSOC, Crédit Agricole Pyrénées Gascogne Développement and Midi Pyrénées Croissance all sell their stakes. Mauger is also preparing his succession. Dentressangle, the family holding, makes Teklynx its eleventh majority investment, having sold its 90% stake in textile marking specialist ID Unlimited to Towerbrook's seventh flagship earlier in the year. Thierry Coloigner, co-CEO of Dentressangle, said the group will put its resources and expertise behind Teklynx's growth, citing targeted acquisitions, complementary solutions, a cloud offering, AI-driven product innovation and geographic expansion. Mauger said the partnership would accelerate development of new offerings and external growth, and pointed to a shared entrepreneurial culture. The LBO debt takes the form of a unitranche provided by Bridgepoint Credit and LGT Capital Partners, with a capex line to support future investment. The acquisition is expected to complete by the end of October 2026. Advisors to the acquirer: Amala Partners (Tristan Dupont) and Natixis Partners (Driss Mernissi, Pierre Ruaud) on the financial side, De Pardieu Brocas Maffei (Cédric Chanas, Alix Amaury) for legal, and Eight Advisory (Nabil Saci) for financial due diligence. Advisors to the sellers: Edmond de Rothschild (Arnaud Petit, Clément Decante) on the financial side, Agilys Avocats (Baptiste Bellone, Madalina Suru) for legal, and Alvarez & Marsal (Samih Hajar) for financial due diligence.
TEKLYNX, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).
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Target
Teklynx develops barcode and RFID software, notably Label Management System, used to design, manage and automate labelling and traceability solutions that optimise industrial and logistics chains. Its software generates labels and handles the traceability data used in production and logistics operations, serving customers in healthcare, cosmetics and industry. The company is based in Auch, in the Occitanie region of France, and also operates from Milwaukee, Düsseldorf and Singapore. It was founded and is led by Thierry Mauger. Zebra Technologies is a regular partner. Teklynx earns revenue from software licensing and related solutions sold in France and internationally.
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REFERENCES
Revenue range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: teklynx
Acquirer: dentressangle