Bain, KKR to bid for PE-owned MYOB - report
Bain Capital and KKR are reportedly among the contenders to acquire Australian accounting software provider MYOB from owners Archer Capital and HarbourVest Partners. Bidding for the asset, which could reach A$1 billion ($1.03 billion), is slated to begin this week.
Citing sources close to the process, Reuters reported that Melbourne-based MYOB claims EBITDA of approximately $100 million. Its products and services are claimed to be used by more than one million small-...
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