Bain Capital acquires MYOB for undisclosed sum

By Lorna Brett · 22 August 2011 · Locked

Bain Capital Makes Surprise Move in MYOB Acquisition

Bain Capital has signed a deal to acquire MYOB Ltd, but the price remains a closely guarded secret. What does this mean for the future of the Australian accounting software giant?

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Summary

Bain Capital has signed a definitive agreement to acquire MYOB Ltd for an undisclosed amount of money, from the consortium led by Archer Capital which acquired the business in February 2009.

Tags: Accounting Software, Andrew Gray, Archer Capital, Bain Capital, MYOB, small business software, Tim Reed, Walid Sarkis