Softline sold 9% of its shares to a large institutional investor

The shares were previously owned by Softline PJSC subsidiary Softline Projects LLC. The company clarified that the deal was concluded on the basis of the average market share price over the past month before signing the agreement.

According to Softline’s materials, the investor was an integrated group of scientific and technological engineering companies, a provider of solutions for strategic megaprojects in Russia. It is also included in the list of organizations of systemic importance to the Russian economy. The name of the group is not given.

This is not the first time that Softline PJSC has attracted new investors in 2024. In February, the company also announced changes to the share capital structure: 3.6% of shares were transferred to the private equity division of Sinara Bank, and another 6% to a “large institutional investor.”

The company also made several acquisitions in 2024. In June, the SL Soft Group structure acquired control of MD Audit, and in August Softline became the owner of 60% of the OMZ-IT technology holding.

• According to the Kontur.Focus system, as of June 30, 2023, the sole shareholder PJSC Softline is a legal entity of the Atalaya investment holding company – Atalaya LLC.
• The Softline website reports that the main shareholder (Atalaya LLC) holds 47.3% of the authorized capital. Controlled companies hold 7.87%, management and members of the board of directors – 6.21%, institutional investors – 24.9% (of which 7.42% belong to the Sinara Group), other shareholders – 13.72%.

Softline PJSC’s revenue at the end of 2023 reached almost 33.7 billion rubles, net profit – 98.8 million rubles (versus 187.5 million rubles in 2022).

Softline has been operating in the IT market for over 30 years. During this time, the company has opened more than 25 representative offices throughout Russia and hired 9.1 thousand employees. By the end of 2023, the group’s turnover exceeded 91 billion rubles.