Announced
Financials
Sources
Tags
Friendly
employee engagement
Outsourced HR and Staffing
Cross Border
Acquisition
Majority
Public
Private Equity
Pending
human capital management
Tender Offer
Australia
Synopsis
TPG-led consortium offered to acquire Smartgroup, an Australia-based company engaged in providing specialist employee management services, for $1.38bn. Australian private equity investors Potentia and Aware Super are also participating. The bid represents a 31% premium. Smartgroup is willing to recommend a binding offer at $10.35 a share.
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