Background

  • CVC is a leading global alternative investment manager, focused on private equity, secondaries and credit, with a global network of 29 local offices and €177B of assets under management
  • Sogelink is a France-based software, cloud and mobile solutions provider to the construction sector
  • Founded in 2000, Sogelink is a European leader in construction software. It supports customers across the entire value chain by providing mission-critical solutions from the design to the asset management phase
  • With 600 employees across 6 countries, Sogelink generates more than €120M of revenues and €50M of EBITDA, and serves 18,000 blue chip customers and 220,000 users in 35+ countries

Process

  • DC Advisory acted as a financial advisor to CVC funds, providing buy-side M&A advice on their agreement to acquire Sogelink
  • DC Advisory leveraged its extensive experience to contribute to several detailed work streams, including:
    • Process strategy and bid tactics
    • Financial modelling and valuation
    • Coordination of due diligence advisors and management of buy-side due diligence processes

Outcome

  • CVC funds entered into a definitive agreement to acquire Sogelink. Keensight Capital, the majority shareholder since 2019, reinvests significantly alongside CVC funds and the management team
  • DC Advisory was able to deliver a successful outcome for CVC within a competitive process backdrop
  • This transaction is subject to customary closing conditions and approvals
  • This transaction demonstrates DC Advisory’s expertise in the software sector and strengthens the firm’s track-record in advising on European technology landmark transactions