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New Deal


Announced

Access Group to acquire Accountants Practice Management Group from Reckon for $70m.

Financials

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Transaction Value£56m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Majority

software development

Australia

Cross Border

Software

Single Bidder

Pending

Friendly

accounting software

Synopsis

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Access Group, a software company, agreed to acquire Accountants Practice Management Group, a provider of accounting practice management software, from Reckon, an Australian software company, for $70m. "The sale agreement with Access Group represents a compelling offer, which we believe is in the best interests of our shareholders. The transaction unlocks significant value for shareholders," Sam Allert, Reckon Group CEO.

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