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New Deal


Announced

Access Group to acquire FastTrack from Harbert Australia Private Equity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

online recruitment platform

Acquisition

Pending

Single Bidder

Private

Australia

Online and Social Platforms

Friendly

Cross Border

Private Equity

Synopsis

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Access Group, a firm that designs and develops business management software, agreed to acquire FastTrack, a cloud-based recruitment platform, from Harbert Australia Private Equity. Financial terms were not disclosed. "At FastTrack, we have spent over 25 years imagining ways to make recruitment businesses stronger with software that drives better business performance. Being acquired by Access is the natural next step to extending our global capabilities, as increased investment will provide a boost to our innovation. Access has a deep specialism within the recruitment industry and offers the widest portfolio of recruitment technology solutions of any industry provider, in which FastTrack will find a solid grounding for further growth," David Page, FastTrack CEO.

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