Announced
Financials
Tags
Single Bidder
Private Equity
Australia
Domestic
Pending
Majority
Acquisition
software development
Public
Software
Friendly
Synopsis
HUB24, an investment and superannuation platform, agreed to acquire Class, an ASX-listed Australian technology company, for $386m. "We’re excited to be announcing the proposed acquisition of Class Limited with the full support of the boards of both companies. Class are market leaders in the establishment, management and administration of wealth and SMSF solutions. The completion of this transaction will combine two exceptionally talented teams with a common purpose to empower better financial futures for Australians and provide a unique range of products and services for financial professionals and their clients," Andrew Alcock, HUB24 Managing Director.
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