UK-based private equity firm Perwyn is reportedly nearing a deal to acquire a minority stake in SoftNext, the software arm of French investment group Groupe Baelen, in a transaction valuing the business at approximately €465m, according to a report by Bloomberg.
According to sources familiar with the matter, Perwyn has emerged as the preferred investor following a competitive fundraising process and is expected to acquire a 15-20% stake in the business. A formal announcement could come as early as next week.
Founded in 2017 through the acquisition of Cogilog, SoftNext is led by CEO Jérémie Vinant and consolidates the technology and software operations of Groupe Baelen. The platform focuses on B2B software businesses across eight verticals, including real estate, telecom, leisure, and healthcare.
SoftNext has executed around 40 acquisitions since inception and is pursuing further international expansion. The minority investment from Perwyn is expected to provide additional capital to support the company’s growth ambitions across Europe and North America.
Groupe Baelen, SoftNext, and Perwyn declined to comment.
