Deel Acquires PayGroup Limited
November 21, 2022
Deel completed its AU$121 million acquisition of APAC-based payroll and HCM provider PayGroup Limited, which has been delisted from the Australian Securities Exchange. The deal expands Deel’s payroll and HCM capabilities and APAC footprint—PayGroup processes roughly AU$12 billion in payroll annually for over 3,000 businesses and was targeting AU$39 million ARR while being EBITDA positive.
- Buyers
- Deel
- Targets
- PayGroup Limited
- Industry
- Cloud & SaaS
- Location
- Australia
- Transaction Type
- Buyout
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