Bain Capital Acquires MYOB Ltd

August 22, 2011

Bain Capital has agreed to acquire Australian business management and accounting software provider MYOB Ltd, buying the company from a consortium led by Archer Capital with participation from HarbourVest Partners. Reports value the deal at about A$1.2 billion; MYOB management will remain shareholders as Bain looks to accelerate the company's shift to cloud-based capabilities and drive further growth in the Australasian SME market.

Buyers
Bain Capital
Targets
MYOB Ltd
Sellers
Archer Capital, HarbourVest Partners
Industry
Software
Location
Victoria, Australia
Transaction Type
Buyout

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