KKR completed the acquisition of MYOB for $1.14bn.

KKR completed the acquisition of Australian accounting software firm MYOB. The US buyout firm offered A$3.44 a share in cash for the rest of MYOB, 18% more than closing price. “The past year has been an eventful one for MYOB in which we accelerated our investment in the MYOB Platform and fast-tracked its delivery to our customers. This roll-out helped us to achieve even greater online subscriber growth and propelled us to a leading position in Australia and New Zealand’s online accounting market,” Tim Reed, MYOB CEO.