SYDNEY: KKR & Co has launched a A$1.75bil (US$1.24bil) takeover offer for MYOB Group after buying almost a fifth of the Australian accounting software provider, as the US private equity firm grows its portfolio of tech businesses.
The MYOB bid, if successful, would become one of KKR’s biggest acquisitions in Australia and add to its 10-strong stable of technology-driven businesses in the Asia-Pacific region. KKR last year raised US$9.3bil – a regional record – in its third Asia-focused buyout fund.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!