SOGELINK acquired by KEENSIGHT CAPITAL
Context
Keensight Capital entered into exclusive negotiations to acquire a majority stake in Sogelink from Naxicap Partners. Keensight prevailed in a highly competitive auction process managed by Oaklins, beating offers from Eurazeo PME (reportedly the highest bidder), Goldman Sachs, and Accel-KKR. Naxicap Partners chose to reinvest a minority stake alongside the management team and employees. The transaction is financed by a unitranche debt facility provided by Hayfin. The acquisition supports the continued growth of the group, which has achieved over 20% annual revenue growth for the past decade.
SOGELINK, which reported an EBITDA margin of in 2018, 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 (15.1x).
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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 |
| 12/2023 | CVC | SOGELINK | FRANCE | Construction / Real Estate |
| 04/2022 | SOGELINK | FOCUS SOFTWARE | NORWAY | Engineering & Design Software |
| 04/2022 | SOGELINK | LOCATIQS | NETHERLANDS | Engineering & Design Software |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 25M - 50M EUR
EBITDA range: 10M - 30M 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.
Press release: view release
Acquirer: keensight capital