MYOB acquires bank transaction business BankLink for NZ$136m (A$114m)

14th May 2013. MYOB Holdings Pty Limited (“MYOB”), today announced that one of its subsidiaries has signed an agreement to purchase bank transaction data firm BankLink from Media Transfer Services Limited (MTS). BankLink automates and streamlines the accounting process for over 4,500 accounting practices and 320,000 small business clients across New Zealand, Australia, and the […]

Datasquirt Relists on the NSX as Enprise Group in A$1.74m IPO

1st Feb 2013. Former ASX-listed New Zealand company Datasquirt has relisted on Australia’s “second board”, the NSX, in a $1.74m IPO, named Enprise Group (NSX:ENS). This follows: the sale of Datasquirts business interests to American call centre provider LiveOps in Novermber 2011 for A$12.5m A distribution to Datasquirts shareholders of A$10m The delisting of Datasquirt from […]

Bain Capital Acquires MYOB for Approx A$1.2bn and 11.5 times EBITDA

21st Aug 2011. Bain Capital announced today that it has signed a definitive agreement to acquire MYOB Ltd, Australia’s largest independent software vendor, from a consortium led by Archer Capital that also included international investment firm HarbourVest Partners. Whilst financial terms of the transaction are confidential and have not been disclosed, press speculation puts the […]

Revised Archer/Harbourvest A$451m Bid for MYOB Succeeds

18th December 2008. A revised bid from Manhattan Software Bidco, the takeover vehicle of Archer Capital & Harbourvest, has allowed Manhattan to gain control of more than 50.1% of the shares in ASX-listed MYOB, and it has now declared its takeover unconditional. The revised bid increased Manhattan’s previous offer of $1.1215 per share for full company control […]

New (Lower) Bid for MYOB by Archer/HarbourVest

17th Nov 2008. Manhattan Software Bidco, a vehicle created by private equity firms Archer Capital and Harbourvest Partners has lodged a supplementary bidders statement valuing its bid for MYOB at $1.02 a share. The new price reflects a $50m shareholder capital return made by MYOB since its October 30th bid of $1.15 – $1.20 a share. This follows […]

Archer renews its bid for MYOB at A$487m

31st Oct 2008. Sydney-based private equity firm Archer Capital has announced a $487 million takeover bid for MYOB and bypassed the board of the Australia’s largest listed software firm, supported by several of its key shareholders. The bid comes 10 months after the MYOB board rejected a $1.90-a-share bid from Archer, the private equity firm returned yesterday with a substantially […]

MYOB Acquires Web Hoster SmartyHost for $7m

20 Aug 2008. MYOB has expanded its web hosting and internet marketing services with the acquisition of web hosting business, SmartyHost. The acquisition follows the company’s entry into the web hosting market through the acquisition of Ilisys earlier this year, and will provide MYOB with a strong platform for growth in the web hosting sector. […]

MYOB Rejects A$736m Bid from Private Equity Firm Archer Capital

7th February 2008. MYOB Limited (ASX:MYO) announced today that its Board had rejected a non-binding, indicative and highly conditional approach which may have resulted in a bid of $1.90 cash per share. On the day of the announcement MYOB shares jumped 17% to $1.60, still 30 cents from the reported offer price. It is believed the […]

MYOB Acquires Remaining 25% of Exonet for A$2.9m

5th Jan 2007. ASX-listed accountancy software firm MYOB Ltd has cemented its position as a supplier to medium-sized businesses with the acquisition of all of Exonet New Zealand Ltd. MYOB has held a majority share in the NZ desk-top business management solutions group since 2005 and today acquired the remaining 25 per cent for $NZ3.3 […]

MYOB to Absorb Solution 6 in A$230m deal

29th March 2004. Accounting software vendor, MYOB, has swallowed up the accounting, compliance and training divisions of fellow ASX-listed software vendor Solution 6, in a deal worth more than $230 million. The combination of the two businesses was the original rationale behind MYOB’s acquisition of 12.6 per cent stake in Solution 6 in June 2003, […]