Context
CVC Capital Partners entered into exclusive negotiations to acquire a majority stake in Sogelink from Keensight Capital. Keensight, which had led the previous LBO in 2019, will reinvest alongside CVC to retain a significant minority stake. The process, managed by Raymond James, was competitive with interest from Silver Lake and Eurazeo. The transaction is supported by a robust debt package provided by Sixth Street, Blackstone, and Goldman Sachs. The roadmap focuses on accelerating organic growth and pursuing further M&A in Europe.
In the past, the company underwent an LBO led by Keensight Capital in 2019, and continued an active consolidation strategy by notably acquiring Focus Software (2022).
SOGELINK, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).
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Target
Sogelink is a leading European provider of software solutions for the construction and infrastructure sectors. It covers the entire value chain (design, build, maintain). The group has scaled significantly through the merger with Geodesial and recent acquisitions in Northern Europe (Locatiqs in the Netherlands, Focus Software in Finland).
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with SOGELINK
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2024 | SOGELINK | NETISYS | FRANCE | Industry-Specific Software |
| 01/2024 | SOGELINK | GEOPIXEL | FRANCE | Engineering & Design Software |
| 04/2022 | SOGELINK | FOCUS SOFTWARE | NORWAY | Engineering & Design Software |
| 04/2022 | SOGELINK | LOCATIQS | NETHERLANDS | Engineering & Design Software |
| 11/2019 | KEENSIGHT CAPITAL | SOGELINK | FRANCE | Construction / Real Estate |
REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 50M - 100M 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.
Acquirer: cvc