Softline Group investment and technology holding is concluding a deal to sell more than 10% of ordinary shares in the amount of 5 billion rubles from the quasi-treasury block of shares of the company. The buyer of the package will be the investment company Sk Capital (VEB.RF Group). This investment will make it the largest minority shareholder of Softline Group, the company reports.
The parties agreed that in order to maintain the stability of market quotations, the investor undertakes to refrain from selling shares of PJSC Softline for two years after the completion of the transaction. After this period, Sk Capital guarantees that the volume of the company's shares sold on the Moscow Stock Exchange within one trading day will not exceed 10% of the total trading volume for the previous trading day.
The deal is aimed at implementing an investment program in one of the priority areas of the VEB Group's strategy.Russia's goal until 2030 is to achieve technological leadership.
The attracted investments will allow Softline Group to accelerate its development in key and promising areas, both organically and through thoughtful M&A transactions, the report emphasizes.
Since 2022, Softline Group has completed more than 16 M&A transactions, including acquisitions of small technology companies based in Skolkovo.
Sk Capital (VEB.RF Group) is an investment company that unites private and institutional capital in working with technology entrepreneurs at all stages of business development.
The State Development Corporation "VEB. Russian Federation" (Vnesheconombank State Corporation) (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization of Vnesheconombank of the USSR in 2007. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.
Softline Group (PJSC Softline) is a provider of solutions and services in the field of digital transformation and information security, developing a comprehensive portfolio of its own products and services.
The net profit of the Softline group for 2024 under IFRS, according to the results of the audit, fell to 2.6 billion rubles from 3.08 billion rubles a year earlier. Turnover increased by 32% to RUB 120.6 billion, gross profit — by 57% to RUB 36.9 billion, adjusted EBITDA — by 58% to RUB 7.1 billion.
The net profit of PJSC Softline under IFRS for the first quarter of 2025 increased 3 times to 744.6 million rubles. compared to 227 billion rubles a year earlier. Turnover increased by 12% to 24 billion rubles from 21.48 billion rubles, gross profit — by 19% to 9.3 billion rubles from 7.82 billion rubles, adjusted EBITDA — by 3% to 1.8 billion rubles from 1.76 billion rubles.
The number of employees of the group as of March 31, 2025 amounted to 11.1 thousand people. The number of highly qualified engineers and developers increased by 22% to 6.2 thousand people.
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