Groupe Baelen entered into a definitive agreement to sell a minority stake of less than 30% in its software subsidiary, SoftNext, to the family-backed investor Perwyn. This strategic partnership was established to reinforce the group’s acquisition engine and provide the professional expertise required to scale the organization toward a multi-billion euro valuation. While the operational management remains autonomous, the entry of new strategic capital is intended to refine the group’s consolidation processes and broaden its network of potential acquisition targets across Europe. The deal was structured to allow the parent group to retain control while benefiting from the sector-specific experience of a specialist investor in scaling technology platforms.

SOFTNEXT, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (12.8x).

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