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 LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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).
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Historical Financials (EUR)
Other operations with SOGELINK
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 11/2024 | SOGELINK | NETISYS | FRANCE | 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 |
| 01/2024 | SOGELINK | GEOPIXEL | FRANCE | 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 |
| 12/2023 | CVC | SOGELINK | FRANCE | Software | 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 |
| 04/2022 | SOGELINK | FOCUS SOFTWARE | NORWAY | 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 |
| 04/2022 | SOGELINK | LOCATIQS | NETHERLANDS | 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 |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 25M - 50M EUR
EBITDA range: 10M - 30M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Acquirer: keensight capital