Bain emerges as winner in MYOB auction
Bain Capital is to acquire Australian business software maker MYOB from Archer Capital and HarbourVest Partners for approximately A$1.2 billion ($1.3 billion). It outbid private equity rival KKR and UK software maker Sage, which was earlier said to be the preferred buyer.
Sources told AVCJ last week that Sage was the frontrunner for the purchase and was believed to have bid A$1.4 billion - more than Bain and KKR, and well above Archer and HabourVest's A$1 billion target....
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