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12/2023

SOGELINK acquired by CVC

FRANCE Software / Industry-Specific Software / Construction / Real Estate EV €1–10bn

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 [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

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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

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

Above 6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€100–200M
€50–100M
[members only]
2022
€100–200M
€50–100M
[members only]

Other operations with SOGELINK

Other operations with SOGELINK

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
11/2024SOGELINKNETISYSFRANCEIndustry-Specific Software
01/2024SOGELINKGEOPIXELFRANCEEngineering & Design Software
04/2022SOGELINKFOCUS SOFTWARENORWAYEngineering & Design Software
04/2022SOGELINKLOCATIQSNETHERLANDSEngineering & Design Software
11/2019KEENSIGHT CAPITALSOGELINKFRANCEConstruction / Real Estate

REFERENCES

Valuation range: EV €1–10bn

Revenue range: €100–200M

EBITDA range: €50–100M

EV/Revenue range: Above 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SOGELINK by CVC are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: cvc