M&A Deal Summary

Deel Acquires PayGroup

On November 21, 2022, Deel acquired business services company PayGroup for 121M AUD

Acquisition Highlights
  • This is Deel’s 1st transaction in the Business Services sector.
  • This is Deel’s 0th largest (disclosed) transaction.
  • This is Deel’s 1st transaction in Australia.

M&A Deal Summary
Date 2022-11-21
Target PayGroup
Sector Business Services
Buyer(s) Deel
Deal Type Add-on Acquisition
Deal Value 121M AUD

Target

PayGroup

Melbourne, Australia
PayGroup is a provider of payroll and human capital management (HCM) solutions and employer of record delivering mission-critical services. PayGroup was formed in 2018 and is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

Deel

San Francisco, California, United States
Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Deel is a global compliance and payroll solution that helps businesses hire anyone, anywhere. Using a tech-enabled self-serve process, companies can now hire independent contractors and full-time employees in over 150 countries, compliantly and in minutes. Deel was founded in 2018 and is based in San Francisco, California.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Australia) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Roots

Mountain View, California, United States

Roots builds software products to help businesses better manage and engage their workforce. The company’s message-based apps - including PTO, 1-on-1s, Onboarding, Social Connections, and Candidate Referrals - streamline HR processes to positively impact employee wellness, productivity, and retention.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 PaySpace

Blackheath, South Africa

PaySpace provides multi-country payroll and HR functionality with built-in compliance for organizations of all sizes and industry sectors. It provides a single truth for payroll and HR data - and the tools to make strategic decisions at every level. PaySpace was founded in 2002 and is based in Blackheath, South Africa.

Buy -
Mergr

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