Keensight Capital Acquire Majority Stake in Sogelink
Paris – Paul Hastings LLP, a leading global law firm, announced today that it has advised Keensight Capital in connection with the LBO of Sogelink group, a transaction structured alongside Naxicap Partners, the founder (Mr. Ignace Vantorre) and the management team led by Mrs. Fatima Berral as minority shareholders.
Keensight Capital replaces Naxicap Partners as majority stakeholder of Sogelink group, a leading provider of Software as a Service (SaaS) solutions for infrastructure sector professionals. Founded in 2000, Sogelink group designs, develops and markets software and SaaS solutions intended to simplify and optimize complex business processes in the building sites, infrastructure and property management industry.
Over the past 20 years, Sogelink group and its 180 employees have built a diverse and loyal base of 18,000 clients representing more than 80,000 users. Sogelink group has been recording top-line growth of over 20% p.a. over the last ten years, generating revenue of €38 million in 2018.
The transaction structured by Keensight Capital will allow Sogelink group to cement its position as an independent leader in the markets currently addressed, to provide support in developing and diversifying Sogelink’s product range, notably by marketing new business-specific solutions, and to acquire growth businesses to extend the group’s international footprint and bolster certain areas of expertise.
The Paul Hastings team was composed of corporate partner
Lamartine Conseil (partners Olivier Renault, Fabien Mauvais and Emilie Renaud with associates Agathe Fraiman and Chiara Dimberton) advised Naxicap Partners, the founder and the management team of Sogelink group. Goodwin (partner Arnaud Fromion with associates Laurent Bonnet and Alexander Hahn) has advised Hayfin for the unitranche financing.
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