M&A Deal Summary

KKR Acquires MYOB

On May 8, 2019, private equity firm KKR acquired software company MYOB

Acquisition Highlights
  • This is KKR’s 14th transaction in the Software sector.
  • This is KKR’s 9th transaction in Australia.

M&A Deal Summary
Date 2019-05-08
Target MYOB
Sector Software
Buyer(s) KKR
Deal Type Going Private

Target

MYOB

Cremorne, Australia
MYOB is a provider of business management software. The company's innovative software and services simplify many parts of a business including accounting, payroll, retail POS, CRM, websites, tax, and more. MYOB was founded in 1991 and is based in Cremorne, Australia.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 304 of 483
Sector (Software) 14 of 23
Type (Going Private) 23 of 37
Country (Australia) 9 of 15
Year (2019) 9 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-04 India Grid Trust

Mumbai, India

India Grid Trust is an infrastructure Investment Trust (“InvIT”) in the power sector. India Grid Trust owns 6 operating projects consisting of 13 transmission lines with 3,361 kms length and 3 substations with 7,000 MVA transformation capacity. India Grid Trust was founded in 2016 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Telepizza

Madrid, Spain

Telepizza operates and manages stores, restaurants, and franchises that deliver pizzas. Telepizza also provides home delivery services. Telepizza was founded in 1987 and is based in Madrid, Spain.

Buy -
Mergr

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