mynth
11/2019

SOGELINK acquired by KEENSIGHT CAPITAL

FRANCE Software / Industry-Specific Software / Construction / Real Estate EV 300M - 700M EUR

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).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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)

Year
Rev
EBITDA
EBIT
2018
2017

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
12/2023CVCSOGELINKFRANCEConstruction / Real Estate
04/2022SOGELINKFOCUS SOFTWARENORWAYEngineering & Design Software
04/2022SOGELINKLOCATIQSNETHERLANDSEngineering & Design Software

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SOGELINK by KEENSIGHT CAPITAL 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.

Press release: view release

Acquirer: keensight capital