Allens advises on successful MYOB sale
22 August 2011
Allens Arthur Robinson (Allens) has advised an Archer Capital-led consortium on the agreement to sell Australia's largest independent software vendor, MYOB Limited, to global private investment firm Bain Capital. The sale will be the biggest private equity transaction of 2011 in the Australian market.
Allens and leading Australian private equity investment house Archer Capital have a long history of working together, with the same Allens team acting on Archer's 2009 acquisition of then ASX-listed MYOB.
Partner Tom Story led the Allens team on the transaction.
'It is pleasing to again work with Archer, which has been the most active Australian private equity firm in recent months,' Mr Story said.
In 2011, Allens has also advised Archer on its acquisition of private hospital business Healthe Care, as well as advising Archer's financiers on its acquisition of V8 Supercars Australia.
| Allens legal team | Tom Story (Partner – Sydney), Richard Gordon (Partner – Sydney), Damon Angus (Senior Associate – Sydney), Kristy Lee (Senior Associate – Sydney), Richard Bell (Senior Overseas Practitioner – Sydney), Adrian McGruther (Lawyer – Sydney), Ben Friis-O'Toole (Lawyer – Sydney) |
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For further information, please contact:
- Susan CowenCommunications Coordinator,
Melbourne
Ph: +61 3 9613 8374
Susan.Cowen@allens.com.au
Notes for editors.
Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.