Technology

Delivering innovative solutions for over one million Australian businesses and accountants

Macquarie Capital advised KKR on its acquisition of MYOB, Australia’s leading accounting and business management software.

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Sector Technology
Sub-sector Software
Location Australia

Opportunity

MYOB is a leading provider of online business management software providing accounting, payroll, tax, practice management, CRM, job costing, and inventory solutions. Headquartered in Melbourne, Australia, MYOB provides software solutions to approximately 1.2 million businesses and accountants across Australia and New Zealand.

The partnership with KKR would allow MYOB to accelerate its growth agenda in a way that was difficult in a publicly listed context.


Approach

Macquarie Capital used its deep expertise to navigate complexities unique to the acquisition, including pre-bid tactics, offer price revisions, and responding to an activist attempt to influence the transaction.

 

Outcome

On 8 May 2019, MYOB was delisted from the Australian Securities Exchange. Leveraging KKR’s industry knowledge, investment experience and operational expertise, MYOB is well-positioned for long-term success.

As private equity interest in the software industry continues to grow, Macquarie Capital remains committed to helping its clients uncover and facilitate strategic investment opportunities. 

Privatisation

accelerating MYOB’s ambitions to develop new innovative business solutions for customers

Full-service capabilities

offering M&A and debt capital markets expertise

~1.2 million

businesses and accountants across Australia and New Zealand to benefit from KKR’s partnership

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