Perwyn Said to Near Deal for Stake in Software Firm SoftNext (1)

European private equity firm Perwyn is in the process of finalizing a deal to buy a minority stake in French software firm SoftNext, according to people with knowledge of the matter.

SoftNext, which is part of Groupe Baelen, has been working with advisers in recent months to raise cash, the people said, asking not to be identified because the information is private.

Perwyn has emerged as the preferred investor, the people said. It is expected to buy between 15% and 20% of the company as part of a transaction that values SoftNext at about €465 million, they added. An ...