M&A Deal Summary

Access Group Acquires SHR

On June 6, 2024, Access Group acquired software company SHR from Serent Capital

Acquisition Highlights
  • This is Access Group’s 10th transaction in the Software sector.
  • This is Access Group’s 2nd transaction in the United States.
  • This is Access Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-06-06
Target SHR
Sector Software
Buyer(s) Access Group
Sellers(s) Serent Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

SHR

Houston, Texas, United States
SHR provides meaningful technology that helps hotels execute their best revenue-generation strategies. The company serves thousands of properties around the globe with an evolving suite of AI-driven solutions, ranging from high-level distribution to intricate guest management. In addition, it offers Revenue Management for Hire to brands, chains, and management companies. SHR was founded in 2012 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Access Group

Loughborough, United Kingdom
Category Company
Founded 1991
Sector Software
DESCRIPTION

Access Group is a provider of fully integrated business management software. Its portfolio spans ERP, finance, HR, Payroll, recruitment, warehousing, business intelligence, professional service automation and manufacturing. Access Group was formed in 1991 and is based in Loughborough, United Kingdom.

DEAL STATS #
Overall 14 of 18
Sector (Software) 10 of 11
Type (Add-on Acquisition) 13 of 17
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2024) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Lightyear

Belfast, United Kingdom

Lightyear is a Software as a Service (SaaS) business focused on developing and building cutting edge fintech products for Businesses, Accountants and Bookkeepers. Lightyear was founded in 2017 and is based in Belfast, Northern Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Onboarded

Williams Landing, Australia

Onboarded is a technology provider of recruitment onboarding software designed to streamline the entire process from pre-hire registration to post-placement onboarding. The platform offers a comprehensive suite of features including contract signing, background checks, and payroll onboarding, all within a single solution. Onboarded is based in Williams Landing, Australia.

Buy -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 23 of 27
Sector (Software) 9 of 10
Type (Add-on Acquisition) 19 of 23
State (Texas) 4 of 4
Country (United States) 23 of 25
Year (2024) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 Medical Informatics Engineering

Fort Wayne, Indiana, United States

Medical Informatics Engineering is a provider of health IT software and systems for the occupational health market. MIE serves as the innovation engine for business units that serve hospitals and health systems, physician practices, Fortune 500 employers, government agencies, and consumers. The company's web-based health information technology platform is helping physicians, nurses, administrators, and patients make a dent and a meaningful difference in healthcare delivery across the globe. Medical Informatics Engineering was formed in 1995 and is based in Fort Wayne, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 HarperDB

Denver, Colorado, United States

HarperDB is a distributed systems platform that combines database, caching, application, and streaming functions into a single technology to improve performance and lower costs for global backend services. HarperDB was formed in 2017 and is based in Denver, Colorado.

Buy -
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