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SOGELINK

Acquired by

KEENSIGHT CAPITAL

FRANCE Software EV [100m EUR - 500m EUR] 11/2019

Target

SOGELINK

Acquirer

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 LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 13.1x average currently observed in the TMT (Tech, Media, Telecom) sector.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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Other operations with SOGELINK

DateAcquirerTargetCountrySectorDeal Context
11/2024SOGELINKNETISYSFRANCEIndustry-Specific Software

Sogelink announced the acquisition of Netisys, marking its fifth acquisition in two years and the first major build-up since CVC's entry. This transaction strengthens Sogelink's offering for public and parapublic actors by integrating specialized tools for managing road, rail, and port infrastructures. The deal aligns with a strategy to cover the full asset lifecycle, specifically focusing on maintenance and sustainability. Netisys founders join the group, which also gains a strategic footprint in the Sophia-Antipolis technology park.

01/2024SOGELINKGEOPIXELFRANCEEngineering & Design Software

Sogelink acquired Geopixel, marking its fourth acquisition in two years. This targeted transaction allows Sogelink to integrate a specific "brick" of expertise: converting field topography data into 2D plans. The strategic rationale is driven by cross-selling, as Sogelink plans to deploy Geopixel's solution across its extensive portfolio of 20,000 clients.

12/2023CVCSOGELINKFRANCEConstruction / Real Estate

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.

04/2022SOGELINKLOCATIQSNETHERLANDSEngineering & Design Software

Sogelink acquired the Dutch group LOCATIQS from Main Capital Partners. This strategic combination aims to create a European champion in Construction Tech by merging Sogelink's engineering/design capabilities with LOCATIQS's GIS and field expertise. The transaction creates a group with over EUR130 million in consolidated revenue (including the Focus Software acquisition) and 650 employees. LOCATIQS's management team remains committed to the project alongside Sogelink's CEO, Fatima Berral.

04/2022SOGELINKFOCUS SOFTWARENORWAYEngineering & Design Software

Simultaneously with the acquisition of the Dutch group LOCATIQS, Sogelink acquired the Norwegian company Focus Software. This transaction marks Sogelink's strategic entry into the Nordic market. The 6 co-founders of Focus Software reinvested in the new group structure. This deal reinforces Sogelink's capabilities in the upstream design and planning phases of construction projects. The combined entity (Sogelink + LOCATIQS + Focus) reaches a consolidated revenue of over EUR130 million with 650 employees.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.