CVC Acquires Stake in Construction Software Firm Sogelink

CVC Capital Partners is investing in Sogelink, the construction software maker backed by European private equity firm Keensight Capital.

Keensight will remain an investor in the business, according to a statement Tuesday. Financial terms weren’t disclosed.

The deal values Sogelink at more than €1 billion ($1.1 billion) including debt, a person with knowledge of the matter said, asking not to be identified discussing confidential information.

Sogelink, a provider of software solutions for infrastructure, construction, and property management professionals, operates in France, Netherlands and Norway. It generates revenue of more than €120 million and €50 million in earnings before ...