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New Deal


Announced

HUB24 to acquire Class for $386m.

Financials

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Transaction Value£281m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium52.8%
One Off Charge-

Tags

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Single Bidder

Private Equity

Australia

Domestic

Pending

Majority

Acquisition

software development

Public

Software

Friendly

Synopsis

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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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