Sage set to acquire PE-owned MYOB
UK software maker Sage is believed to have acquired Australian accounting software company MYOB from private equity owners Archer Capital and HarbourVest Partners, beating Bain Capital and KKR, sources close to the auction tell AVCJ.
Representatives from Sage could not be reached for comment. A Reuters report further suggests that Sage became MYOB's top bidder after submitting an offer worth up to A$1.4 billion ($1.5 billion) - exceeding...
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